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Inflation expectations are one of the key elements that determine next years inflation. The main reason they have always "fiddled" the public inflation numbers
by DarkmSparks 3y ago
Inflation expectations are one of the key elements that determine next years inflation.
The main reason they have always "fiddled" the public inflation numbers is if they reported actual inflation people would set their expectations on that - and it would make next years inflation worse/more volatile.
insiders generally dont care about the public figures - they have their own in house statisticians to give them the real picture.
- willcipriano 3y ago> they have their own in house statisticians to give them the real picture. I wonder if that is behind some price increases blamed on inflation that are larger than inflation. They mean inflation not CPI.
- DarkmSparks 3y agoexactly.