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 shadowstats.com on the real inflation rate.
"Real Inflation for the Vast Majority of Americans is Far Higher" Than What's Being Reported: Steve Cortes Breaks Down Massive 25% Increase in "Necessities" Like Gas, Food and Utilities (VIDEO)
Former Trump campaign advisor Steve Cortes joined Bannon’s War Room this week to discuss Biden’s out-of-control inflation crisis, warning that the official numbers being reported are likely much lower than the true rate of inflation Americans are currently experiencing. According to Cortes, who...