Americans are being told that the economy is blazing and that "prices are coming down." Yet out here in the real world, many people aren't seeing any of that. Now, and official governmental data set shows the ugly truth . . .
The Organization for Economic Co-operation and Development (OECD) is an intergovernmental forum established in 1960 to build better policies for better lives by promoting economic progress, world trade, democracy, and market economies.
It functions as a knowledge hub for data, analysis, and best practices, working with member and partner countries to address challenges in areas like climate change, digital policy, health, and taxation through international standards and policy advice.
According to this chart, issued earlier this week by the OECD, food inflation is exceeding core inflation all over the world! On the OECD chart below, "core" inflation - the general price increases for most things, is shown by a red colored dot, while FOOD INFLATION is shown by the Blue dot:
For the United States, FOOD inflation shows as being about thirty-one percent (31%) ! ! ! !
But the big "reveal" is that, according to the OECD, "core" inflation here in the US from 2019 through 2025 has been a whopping twenty-five percent (25%) ! ! ! !
Of course, everyday, average, Americans, have known for quite some time, that inflation is crazy. We see it when we go to the Supermarket for groceries every week.
It began with what we call "shrinkflation." Cans of Tuna fish used to be six ounces. Then, suddenly, the cans shrank to only five ounces.
Amazingly, the entire Tuna Fish industry all switched to the same five ounce cans at the same time . . . . but somehow the Department of Justice (DOJ) didn't see this as "price fixing" in violation of the Sherman anti-trust Act.
Then, shrinkflation began hitting almost every other food product. Even Ice cream that used to be sixteen ounce containers, shrank to fourteen or thirteen ounces . . . . at pretty much the same price it had been. So you pay the same, but get about twenty percent less.
Again, the DOJ is Missing-In-Action with any Sherman anti-trust Act enforcement, as entire industries engage in this shrinkflation!
Meanwhile, Americans are getting less and less for our money, while US Government agencies lie to our face and tell us that inflation is down.
Inflation is NOT down. And these costs are breaking the financial backs of even middle-class Americans. Many people are now faced with the choice: Pay the rent/Mortgage, or eat?
This situation is untenable.
