Tucker Carlson: This is what inflation really is in the United States
Fox News
Tucker Carlson reveals the real inflation numbers facing Americans, and how the Consumer Price Index does a very bad job of measuring how much it costs to live in this country.
So with that in mind, the new inflation numbers are out and they're the worst this country has seen in nearly 40 years. According to the Consumer Price Index, inflation is up almost seven percent over the past 12 months. It's very high. The problem is the reality is much worse than that, and that's because the consumer index is useless as a guide to life in America, it doesn't actually measure the cost of living. In that way, it is a lie. It's a rigged government number one of many. Now, the CPI is calculated by assigning relative weight to different categories of goods. It's a very complex series of formulas. Some of them were formulated in good faith. Others were designed to deceive you. But in effect, the bottom line is, the CPI does a very bad job of measuring how much it actually costs to live in this country.
For example, gas prices in the CPI. Gas prices constitute less than four percent of the total value of the products included. Now that's realistic if you happen to live in, say, Manhattan where pretty much nobody drives a car. But if you have a car and you drive more than a few miles to work every day, that's ridiculous because, for you, gas prices are a far larger part of your budget. And yet all of this is ignored by the CPI.