Inflation Is Really 15%, The Highest It Has Been Since 1947; Why Is The Government ‘Suppressing’ The Data?

John Williams, the founder of ShadowStats, calculates inflation using the same methodology that the government used to have for calculating the consumer price index (CPI). Williams told David Lin, anchor, for Kitco News, that the true headline CPI number is closer to 15%, not 7%, as reported by the Bureau of Labor Statistics. Here’s why the government has a political incentive to “suppress” the reported inflation number.