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2%, but knowing this administration, it's quite likely that they just change the calculation to something that prints 2% regardless of what inflation is at the
by tenpies 4y ago
2%, but knowing this administration, it's quite likely that they just change the calculation to something that prints 2% regardless of what inflation is at the moment.
For example, based on the pre-1990s CPI calculation, inflation is currently at around 12%. No government's changes to the CPI calculation ever result in a larger inflation number, only lower!
- chii 4y ago> but knowing this administration, it's quite likely that they just change the calculation well luckily, it's not the administration that decides the calculation method, the the BLS, and their method is also pretty transparent (https://www.bls.gov/opub/hom/cpi/calculation.htm https://www.bls.gov/opub/hom/cpi/calculation.htm) . Whether you agree with the method is one thing, but that method isn't just changed to suit a political purpose. And if you should so choose, you can look thru the historical methods and changes made, and form your own opinion (https://www.bls.gov/opub/hom/cpi/history.htm https://www.bls.gov/opub/hom/cpi/history.htm).