That’s Mr. Trump on inflation. Here’s the data: Figure 1: CPI for food at home (blue), chained (tan), both in logs, 2021M01=0. Chained CPI seasonally adjusted by author using X-13. NBER defined peak-to-trough recession dates shaded gray. Source: BLS and author’s calculations. Above graph indicates the true number (admittedly, government statistics, instead of Trumpian anecdotes) … Continue reading “Food costs doubled, tripled, quadrupled…”