Inflation figures could be government 'gaslighting', true inflation is 2-3 times higher - Michael Wilkerson MichaelWilkerson Inflation Fed
- The government is "gaslighting" the American public on inflation, according to Michael Wilkerson, CEO and Founder of Stormwall Advisors and Author of Why America Matters: The Case for a New Exceptionalism, who claims that the Bureau of Labor Statistics's Consumer Price Index is not an"accurate" reading of inflation.
For instance, official CPI data imply that healthcare costs have risen 2.6 percent per year over the last decade, while PwC suggests that they have risen by 7.6 percent per year since 2006. "The real driver of the decline [in inflation]… is the decline in energy, specifically gas and oil [prices]," he observed."I do think we're likely to see price movements back up towards where it was at the beginning of the year."
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