A long term inflation picture

The charts are fairly self explanatory, and simply show the actual prices plus show two additional lines; one for the price corrected by CPI and the other corrected by CPI + lies.

Thanks to John Williams of Shadow Stats for his excellent work on the CPI lies, but also note that we are not using his full adjustments (as of 1/2007, his "CPI" level was around 500 where ours was around 340... and the pre Clinton methodology CPI was about 275... and the actual BLS CPI-U was 202). This page updated on an irregular basis, approximately monthly.

As of August 2007, we changed the basis to the year 2000 on all charts to avoid issues of clarity due to having had two scales.

Per the CPI (alone and without 'lies' factored in), inflation has averaged 4.5% per year since 1963 and 4.7% since 1970 as of 2006 - for reference. That's a total of about 600% and 500%, respectively.

Dow U.S. household net worth U.S. individual net worth Hourly earnings U.S. housing Corn Wheat Gold Silver CRB commodity index Copper Oil
Retail sales Non durable goods US gov't receipts US gov't spending PCE CRB livestock CRB foodstuff Sugar


Dow stock index

Almost 90% of the Dow's gain since 1963 is inflation.



Same, but going back to 1900

Over 80% of the Dow's gain since 1900 is inflation.



Click here for a similar picture since 1963 for the S&P 500





U.S. median new home prices



U.S. median new home prices, Western region only






Corn








Wheat






Gold








Silver






Copper






US Federal government spending






US Federal government receipts (taxes)






Personal consumption & expenditures (PCE)



Expenditures only






Total U.S. Household net worth


Source: Z1 publication




U.S. individual net worth


Derived from above chart by dividing by average individuals per household.





CRB commodity index


Source: CRB





Oil







U.S. retail sales


Source





U.S. non durable goods


Source





CRB Livestock Index


Source





CRB Foodstuff Index


Source





Sugar


Source





Hourly earnings


Source