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So CPI is not being manipulated just cost of living has risen and it’s not reflected in CPI. That’s silly. The CPI index basically picks and chooses which value
by rdtwo 6y ago
So CPI is not being manipulated just cost of living has risen and it’s not reflected in CPI. That’s silly. The CPI index basically picks and chooses which values to adjust and which to fix in order to get a desired outcome. It’s not a robust process there is a ton room to nudge numbers one way or another depending on if you want to show inflation or not. Think of it more like an accountant working towards whatever profit number the company wants to report this year.
Generally the government can’t Show high inflation because doing so would have all sorts of second and third order consequences like increased SSI payout and higher government salaries as well as affect contracts and treasury bond yields.
The entire market would crash if you got a 3-5% hot inflation number. That basically can’t be allowed