According to John Williams of shadowstats.com, if the rate of inflation was still calculated the way that it was back in 1990, it would be above 8 percent right now. And if the rate of inflation was still calculated the way that it was back in 1980, it would currently be sitting at about 13 percent. But 5 percent inflation sure sounds a whole lot better than 13 percent, doesn’t it?
Sadly, the reality is much worse than that, and that is especially true for meat prices. According to one deli owner, the true rate of inflation for meat prices is “probably closer” to 20 or 30 percent…theeconomiccollapseblog. Inflation Is Starting To Get Really Crazy – And It Is Worse Than You Think