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Silver Report Uncut: Inflation is Already at 1970’s Levels

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Silver Report Uncut May 24, 2021 Consumer price inflation nowadays is running close to the high inflation readings of the late 1970s. Reported inflation statistics do not show the 1970s inflation-style inflation because they no longer include actual house prices. The old consumer price index included house prices in measuring the owner’s housing cost, whereas the present-day price index base owners’ housing cost on a non-market rent measure. In April, the median price for existing homes increased 20.3% in the past twelve months, a new record and far above the 1970s high-reading of 17.4%. More importantly, the increase in existing…

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