According to many credible news sources, Inflation has risen throughout recent years. In an article posted by CNN, journalist Alicia Wallace pulled data from Moody’s Analytics, which showed American households are “spending $208 more than the previous month and 1,043 more than they did in 2021.” However, it is also important that I state that this claim does have some merit; the White House has recently cited BLS and in this we see that the CPI reached its highest level in 2021 and has been shown to fallen since then. While the CPI is a valid source of information regarding inflation rates, it also only tracks consumer spending patterns that change as prices change. Additionally according to forbs the CPI dosn’t even align with the governments definition of inflation, “as a process of continuously rising prices or equivalently, of a continuously falling value of money.” (BLS). The CPI dosn’t calculate the falling value of money. Funny enough too, if the government has a low CPI then the less money the government has to spend on social programs (Social security beneficiaries, food stamp recipients, children on school luch programs). The CPI dosnt also account for rent prices increasing, commuting expense, increasing taxes, and home prices. So in short and in m yoopinion this claim that inflation has fallen is false as the measurement the government only uses a faulty source of measurement and neglects other important cost of living factors that have overall increased.
News sources
Fact check: Grocery prices are up, not ‘way down’ as Trump claimed | CNN Politics
If You Want To Know The Real Rate Of Inflation, Don't Bother With The CPI
Bureau of labor statistics
12-month percentage change, Consumer Price Index, selected categories
