Real inflation rate


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According to Cortes, who cites a Charles Schwab analysis on CPI for essentials like gas, food, and utility bills, the true rate of inflation is nearly 3x the 8.5-8.6% that is being reported. In reality, it’s hovering somewhere around 24-25% for everyday necessities that Americans cannot go without, he claimed.

Cortes and Charles Schwab agree with on the real inflation rate.