Founder’s QuoteOctober 21, 2022
The Present Desolation, by David WarrenOctober 21, 2022
By TippInsights Editorial Board, Oct. 17, 2022
But President Biden says, “Our economy is strong as hell.”
The Consumer Price Index (CPI) released by the government last Thursday showed an 8.2% year-over-year price increase from September 2021 to September 2022.
The CPI has edged down steadily from a 40-year high of 9.1% in June to 8.2% in September.
The official CPI does not tell the whole story of price increases under President Biden. Bidenflation, measured by the TIPP CPI using the same underlying data, stood at 12.8% in September. It was 12.6% in August and July and12.7% in June.
We developed the TIPP CPI, a metric that uses February 2021, the month after President Biden’s inauguration, as its base.
All TIPP CPI measures are anchored to the base month of February 2021. January 2021 was a mixed month under the watch of two presidents, two-thirds by President Trump and one-third by President Biden, so we chose to ignore it, making the TIPP CPI exclusive to the economy under President Biden’s watch. Please note that we use the relevant Bureau of Labor Statistics (BLS) underlying data but recalibrate it to arrive at the TIPP CPI. …