I asked perplexity and there are a few independent calculations (ShadowStats, Truflation, Billion Prices) that put the rate at about 10%

https://www.perplexity.ai/search/what-is-the-us-inflation-ra...

▲ throw0101a 6 days ago | parent | next [-]

> ShadowStats

Just no:

> Responding to prior criticisms made by economist James Hamilton, John Williams explained in a private phone call that Shadowstats does not actually recalculate BLS data, rather, the Shadowstats CPI merely adds a constant to the officially reported numbers.[28]

* https://en.wikipedia.org/wiki/Shadowstats.com#Negative

    SHADOWSTATS(t) = 1.9 + 0.0055*t + CPIAUCNS(t)

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

* https://www.fullstackeconomics.com/p/no-the-real-inflation-r...

> Truflation

* https://old.reddit.com/r/AskEconomics/comments/1beg6db/how_r...

> Billion Prices

They actually published code so other folks could recreate:

* https://en.wikipedia.org/wiki/MIT_Billion_Prices_project

▲ deeg 6 days ago | parent | prev | next [-]

I briefly scanned the BPP data and it was pretty close to the official CPI. The BPP is usually a bit higher, and for a short time noticeably higher, but they generally converge.

https://thebillionpricesproject.com/datasets/

▲ johnsimer 6 days ago | parent | prev | next [-]

truflation has inflation at 2% right now, not 10%

https://truflation.com/marketplace/us-inflation-rate

▲ Analemma_ 6 days ago | parent | prev | next [-]

If you actually stop and think about it for a couple seconds, you should realize immediately that a “secret” inflation rate of 10% is impossible. You can lie about that for a month or two, but 10% annual inflation means prices double every 7 years, which is obviously not what we observe.

	▲	matheweis 5 days ago \| parent \| next [-]
		> prices double every 7 years, which is obviously not what we observe. It’s not? The first two things that came to mind to check are almost exactly doubled: Case-Schiller for Seattle metro area for example is almost exactly double: https://fred.stlouisfed.org/series/SEXRNSA/ Price of eggs is almost exactly double: https://fred.stlouisfed.org/series/APU0000708111
	▲	CamperBob2 5 days ago \| parent \| prev [-]
		It may not be what you observe, but frankly, prices doubling at a 7-year rate sounds a lot like what's actually happening.

▲ the_real_cher 6 days ago | parent | prev [-]

We're losing 10% of our money annually. That's absolutely insane.