Summers: Inflation Reached 18% In 2022 Using The Government’s Previous Formula

Interesting. According to Lawrence Summers, if inflation is calculated based on the government’s 70’s model (including food, gas, and housing) it sits at 18%

Summers: Inflation Reached 18% Using Government’s Previous Model https://t.co/VgwbJm7WyP

— Andrew Hudgins (@Drewdaddyb1) April 14, 2024