The latest official U.S. inflation figure, 8.5%, has once again set a new record for the last 40 years. While 8.5% is stated as the highest record it is in fact, a serious underestimation of inflation by the U.S. statistics department. The Fed has altered the categories in figuring out inflation. Who authorized these changes? How is the Fed calculating inflation rates? Why is there a discrepancy from previous years? And how high is the real inflation rate?
