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The USA Inflation Rate by Truflation Is 4.21%

truflation.com

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Re: The USA Inflation Rate by Truflation Is 4.21%

#31

Post by Sad90sNerd »

jxramos wrote: post #24
Sad90sNerd wrote: post #11

There is no way that matches reality, where does the person publishing such a chart even live? Do they buy eggs or pay rent? Here is a real alternative - John William's shadow stats. He simply measures inflation as the government used to in the 80s and 70s, and surprise surprise its more like 10% or 14% - no phony "Owner's equivalent rent". http://www.shadowstats.com/alternate_data/inflation-charts

I wonder if we all tabulated all our expenses in the most fine grained detail and calculated our own personal rates of inflation how meaningful it would be to have percentiles of our population to say things like 50% of citizens experience a personal inflation rate of x.xx%. That would be very fascinating. I'm almost there myself with some web order scraping I've been playing with. It's a lot of work but once I tackl…

That's a pretty novel concept - you've inspired me : )

Re: The USA Inflation Rate by Truflation Is 4.21%

#32

Post by PragmaticPulp »

paxys wrote: post #17

What exactly is "Truflation", and why should I give them any more credence than the hundreds/thousands of other independent economic analyses out there?

> Truflation is the first true US inflation index based on the independent data sources and metrics created by developers and crypto investors for developers and the crypto community.

I gave up before I could find details about their sources. Too many Blockchain Buzzwords to invest much time into reading more.

Re: The USA Inflation Rate by Truflation Is 4.21%

#33

Post by dez »

Sad90sNerd wrote: post #11

There is no way that matches reality, where does the person publishing such a chart even live? Do they buy eggs or pay rent? Here is a real alternative - John William's shadow stats. He simply measures inflation as the government used to in the 80s and 70s, and surprise surprise its more like 10% or 14% - no phony "Owner's equivalent rent". http://www.shadowstats.com/alternate_data/inflation-charts

https://www.reddit.com/r/badeconomics/comments/3zik5t/shadow...

Shadow stats is comically bad economics.

Re: The USA Inflation Rate by Truflation Is 4.21%

#34

Post by bboygravity »

baxtr wrote: post #25

This makes sense. It has been one years since the war started which was the leading cause of inflation. Now with the first year passed, we compare today’s prices to after war prices a year ago, which were already high. I’m expecting the rate go down further the next months. EDIT: of course I’m not suggesting inflation started on the day bullets started flying. Things were heating up before with Russia slowing down ex…

That reasoning makes no sense at all to me: interest rates are about to be lowered again, to save the banking system again. By flooding it with new money from the FED. Again.

How is that going to make inflation go down?

You ain't seen nothing yet. Hyperinflation is coming.

Re: The USA Inflation Rate by Truflation Is 4.21%

#36

Post by ak_111 »

It is very difficult to measure "true" inflation when most of it is hidden in decline of quality of services or shirnkflation (the latter is a bit easier to track).

For example, the restaurant who still offer you the same price for the meal but now clean the toilets and cutlery 80% less frequently than they did two years ago (to save on dishwasher energy cost, or recruiting 20% less cleaner hours). Or the school that charges you the same fee although they have quietly increased the student to teacher ratio.

I am wondering what is the current stat of the art to capture such hidden inflation, I guess you can track reviews to see if there is an uptick in negative reviews but then this is hard to translate quantitatively into how much it is contributing to inflation.

Re: The USA Inflation Rate by Truflation Is 4.21%

#37

Post by latchkey »

dragonwriter wrote: post #27
Invictus0 wrote: post #9

From the whitepaper: > We propose using the world’s vast data access, blockchain technology, and the enormous potential of decentralized systems and organizations to provide a developer solution to the inflation problem. > Truflation is the first true US inflation index based on the independent data sources and metrics created by developers and crypto investors for developers and the crypto community. > The US Trufla…

> “data sources and metrics created by developers and crypto investors” I... if I had to name groups of people I would not trust to build data sources and metrics for broad economic measures, “developers” and “crypto investors” would both be very close to the top.

Seriously, why disparage people like that? I know some insanely talented developers who work in the crypto industry. Comments like this seem really against the spirit of HN.

Reminder: https://news.ycombinator.com/newsguidelines.html

Re: The USA Inflation Rate by Truflation Is 4.21%

#38

Post by onlyrealcuzzo »

ak_111 wrote: post #36

It is very difficult to measure "true" inflation when most of it is hidden in decline of quality of services or shirnkflation (the latter is a bit easier to track). For example, the restaurant who still offer you the same price for the meal but now clean the toilets and cutlery 80% less frequently than they did two years ago (to save on dishwasher energy cost, or recruiting 20% less cleaner hours). Or the school that…

> I am wondering what is the current stat of the art to capture such hidden inflation

The Fed's measure of inflation is supposed to include this.

Re: The USA Inflation Rate by Truflation Is 4.21%

#39

Post by [deleted] »

tenebrisalietum wrote: post #14
Sad90sNerd wrote: post #11

There is no way that matches reality, where does the person publishing such a chart even live? Do they buy eggs or pay rent? Here is a real alternative - John William's shadow stats. He simply measures inflation as the government used to in the 80s and 70s, and surprise surprise its more like 10% or 14% - no phony "Owner's equivalent rent". http://www.shadowstats.com/alternate_data/inflation-charts

Things other than inflation can cause prices of specific XYZ to rise. Wasn't there some bird flu thing that constrained the egg supply? Rent and housing costs were going up before the pandemic. Add this to the existing inflation and it's bad, esp. for housing costs.

[deleted]

Re: The USA Inflation Rate by Truflation Is 4.21%

#40

Post by ak_111 »

onlyrealcuzzo wrote: post #38
ak_111 wrote: post #36

It is very difficult to measure "true" inflation when most of it is hidden in decline of quality of services or shirnkflation (the latter is a bit easier to track). For example, the restaurant who still offer you the same price for the meal but now clean the toilets and cutlery 80% less frequently than they did two years ago (to save on dishwasher energy cost, or recruiting 20% less cleaner hours). Or the school that…

> I am wondering what is the current stat of the art to capture such hidden inflation The Fed's measure of inflation is supposed to include this.

how do they track/quantify decline in service quality as in the two scenarios I mentioned (restaurant cleaning less?)
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