Experts claim inflation is around 3 percent. No. It is much higher and becoming entrenched. Here’s why.

Background

On TV and in newspapers I constantly hear and read inflation is decreasing.  An Associated Press article argued in the past year, inflation fell from 9% to near 3%. Prof. Paul Krugman (whose articles I love and regularly read in New York Times) has opined How (Many) Economists have missed the great Disinflation.

Disclaimer, I am not an economist and not schooled in multivariate analysis of prices and trends. But I can read the numbers on a bill and compare them to earlier ones. I find inflation is NOT under control and in some cases increasing.

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