3 ms·
I believe it, but only because I've also watched the adjustments to CPI methodologies. What I can't believe is that serious people still take the BLS's CPI num
by tenpies 3y ago
I believe it, but only because I've also watched the adjustments to CPI methodologies.
What I can't believe is that serious people still take the BLS's CPI number seriously.
- mkii 3y agoI'm pretty sure the average Joe would agree with you about the CPI numbers being a complete farce. It used to not matter when it was low. But after covid, when people, largely following the same habits over time, see their grocery receipts go up 15% yet the government quotes 7%, they're not going to forget that for a long time.
- bryanlarsen 3y agoIt's just innumeracy. Grocery prices are up 26% since 2019. The government isn't lying when it says 7% annually.