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Hey, everyone.

Welcome to The Hash on Coin Desk TV.

And if you are listening to us, you are listening to the Coin Desk podcast Network.

I'm Jensen Assy.

On today's show, we got Wendy O, Adam B. Levine, and Will Foxley. Who has the first story? I believe it is you, Adam.

It is me. Good morning, Jen. Today we're starting off with inflation or the rate of which prices across the economy are going up.

And spoiler alert, it's pretty quick. New numbers out this morning from the Consumer Price Index or CPI rose a whopping 9.1% in June, accelerating from May's 8.6% pace to a fresh 40-year high. But to put those numbers in perspective, the way that official inflation numbers are calculated has been changed at multiple points since the 1980s. This chart, which we should put up now, comes to us from shadow stats run by John Williams,

one of the only economists who's maintained analogues to the older methodologies.

So the chart we're looking at right now really says it all.

The red line is official inflation from 1980 through today as we measure it today.

The blue line is that same data, but interpret it consistently.

Today, interpreting it the same way as we did in the 1980s,

the last time we had such high inflation.

So if you think inflation is high today with the above 9% annual reading, take a look

at what that blue line shows.

We're actually at all-time highs and above 15% according to these older methodologies.

The new data suggests that the Federal Reserve will continue monetary tightening conditions

aggressively as part of their public efforts to reverse these decades' high levels of inflation.

...