"Shadow Stats 'Corrected' inflation at 17.15% –
STEEPEST IN 75 YEARS!"
by Chicknewtosilver
"• I N F L A T I O N – FLASH (Apr 12): Year-to-year inflation continued to surge in the both the March 2022 headline Consumer Price Index (CPI-U) and the ShadowStats-Alternate CPI, with both measures hitting new multi-decade highs, circumstances in place before Russia invaded Ukraine and exacerbated by same.
• March 2022 CPI-U annual inflation hit a 40-plus year high of 8.54% [up from 7.87% in February], the steepest inflation pace since December 1981; March 2022 ShadowStats “Corrected” Alternate CPI estimate hit 17.15%, up from 16.05% in February], the steepest inflation rate since June 1947 (in 75 years).
• In like manner, the March 2022 CPI-W (used in Social Security Cost of Living Adjustment [COLA] calculations, where the 2022 COLA — based on Third-Quarter 2021 — was 5.9%) hit a four-decade high of 9.36%, up from 8.60% in February 2022.”
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Realtor.Com March Housing Report 13.5%. CPI says 5%.
The national inventory of active listings declined by 18.9% over last year, while the total inventory of unsold homes, including pending listings, declined by 12.5%. The inventory of active listings was down 62.3% compared to 2020 right at the onset of the COVID-19 pandemic. In other words, for every 5 homes available for sale in the earlier period, today there are just 2.
Newly listed homes were down 3.4% nationally compared to a year ago, and down 5.0% for large metros over the past year. Sellers still listed at rates 12.2% lower than typical 2017 to 2019 levels prior to the pandemic.
The March national median listing price for active listings was $405,000, up 13.5% compared to last year and up 26.5% compared to March 2020. In large metros, median listing prices grew by 9.1% compared to last year, on average.
Nationally, the typical home spent 38 days on the market in March, down 11 days from the same time last year and down 21 days from March 2020.
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