Why does the government say there is no inflation when the price of gas and food have rise 15% from last year?

Question

The administration of Barack Hussein Obama says there is "no inflation" and subsequently he will not raise the Pension for Vets which is tied to the consumer price index. Yet, the actual price of staples has rise over 15% from last year. How can he get away with this criminal misrepresentation of the facts.

Answer 1

The administration of Barack Hussein Obama says there is "no inflation"



Um, no, no they haven't claimed that. People may have said inflation is low, but no one has claimed it is zero.

Answer 2

The military pension system and Social Security both received 1.5% COLA increases for 2014. COLAs never match the actual rate of inflation, but are a way to offset the burden of inflation on retirees.



Congressional Republicans want to change the calculation for COLAs for military pensioners and SS recipients. Instead of the old formula based on the regular CPI, they want to substitute a formula that uses what is called the chain weighted CPI. That would result in lower COLA increases than we see now.



President Obama included the chained CPI method in the budget he proposed for 2013, but dropped it in his 2014 budget proposal. John Boehner criticized the president for not including it in his 2014 budget. Liberal groups and congressional Democrats applauded Obama for dropping it.

Answer 3

Same reason they said "u can keep your..........."



Politicians lie....Americans die.



A partial audit of Fed Res showed they created 16 trillion in one swoop and handed it over to their foreign bankin buddies.



Also QE is by definition inflation, to the tune of 85 billion NEW DOLLARS per month.

Answer 4

senior citizens have the same problem. And also credit card interest is tied to an index with regard to incomes. I know the country has not yet rallied. Will it rally during his administration I'm not sure, I don't think so. It's been maybe over 15 years or more I've seen food prices raise and keep rising they say because of gas increases however when the cost of gas went down the prices of food never went down, they continued to increase. So I'm thinking businesses aren't telling the truth. I do see where technology programs are in place for stores that sell things and their programs are basing everything on untruths so perhaps we need to get the technologists to clear up this problem. So many new things in technology that we can't keep up, and the older items we have well they arent being serviced anymore and we're losing ground. I understand your frustration. I'm just as concerned about rents rising so quickly and more than the average person can take. One thing I do know is that it's up to the president to lower corporate taxes to attract businesses to the USA, or to bring back some of ours that went overseas, and it's not up to our president to get jobs for people yet the news keeps counting the jobs he brought in or didn't. It's up to our governors to attract business to their state and provide available jobs. Then it's the duty of the public to look for those jobs, get those jobs and keep those jobs and contribute to making the world go round.



What is the pension a vet gets today? I think the norm for a retiree is something like $15,400 a year. A vet probably gets more, needs more because of injuries, medical and such. Can't supply more information unless I know that figure.

Answer 5

Just under 50% in the last 6 and projected to hit 60% by years end. Many years ago the feds gained the ability to pick and choose what things went into the inflation index. This administration tinkered with the mix again during his second year in office. More of that fuzzy math this administration, libs, are famous for.

Answer 6

I find it hard to believe that there is no inflation, not with all the money that they keep pouring into the economy. The rate of inflation may not be high, but that doesn't mean that there isn't any.

Answer 7

Because food and gas are not the only things looked at when calculating the inflation rate. Do you really need this explained to you?

Answer 8

The consumer price index is based on a basket of goods.



Obviously, which goods compose the basket is subject to some arbitrary decision. Ideally, such a basket seeks to represent what the median consumer, or the median family would consume, so as to reflect the true cost of living.



Unfortunately, there has been a tendency to downplay inflation when calculating the CPI. Education, insurance and health care, for instance, are typically under-represented.



Make of it what you will.

But if it seems to you your dollar just isn't getting you what it used to be getting you, maybe you're not crazy after all; maybe the experts are coming up with the numbers they're told to come up with.

Answer 9

liberals solution to the economy is taxation, regulation and inflation -fact

Answer 10

Is that what you think inflation is?



I see why you're confused.

Answer 11

You ain't seen nothing yet. Just wait until the minimum wage goes up.

Answer 12

Because like Al Qaeda, they have "inflation on the run"... gas prices have doubled since 2008 and food by 58%. If anyone needs a "source", go buy either. THAT is what is called the "truth' and that based on reality, not "what Obama says". And they call US "sheepole".

Answer 13

the wholesale prices on key consumer goods showed deflation-

ONLY bankers love it.