> The means of calculating it is frequently under revision. BLS frequently makes changes to how it calculates inflation. However, none of these changes make th

> The means of calculating it is frequently under revision. BLS frequently makes changes to how it calculates inflation. However, none of these changes make that big of a difference. I have never seen an economist arguing that inflation is actually 10+ percentage points higher than BLS is reporting. If anything, many economists think BLS overestimates inflation because they do not account for substitution (e.g. people buying fewer eggs when the price goes up).