For starters, they game the fuck out of it. Steak used to be a part of the “bundle of goods” - until steak became too expensive. Then it magically floated out of the bundle because otherwise the inflation would have been too high. So the moment a product has too much negative impact on the CPI, it just goes away, “fixing” the CPI.
Secondly, the CPI includes durable and luxury goods. Big screen televisions are in “the bundle”. What happens when food and energy prices are through the roof? People stop buying TVs. What happens when people stop buying durable goods like TVs? Their prices go down. So cheaper televisions drive the index down, except no one cares because they can’t afford food or heat.
Everyone with a clue knows that food, shelter, and energy prices are out of control. Everyone with a clue knows that modern monetary policy and green energy policy are to blame. The game is in convincing the masses that something or someone else is responsible for the pain they’re feeling at the checkout.
CPI's definition is changed every few months, making it useless as an inflation tracker.
And guess who has the power to change that definition? Why, the same people that don't want inflation to look as bad as it might be. Zero conflict of interest there, very honest, such reliable, much statistic.
What would you expect? Your reputation precedes you, and you've burned a lot of bridges with constant name-calling and whining.
You're still 2:1 upvoted, so clearly at least some people appreciate the post. Or maybe the stormcuck tradconpro conspiracy to silence your super important voice just has the day off.
if you keep posting other topics that will change. I didn't downvote but I think you collected a few people who probably reflexively downvote everything you post.
Does anyone actually believe inflation is "just" 6%
this.
eggs were $11 this weekend. a few years ago, the same pack was $3.
there are now compilation videos of people comparing prices of stuff at the grocery store today vs a few years ago, and prices are up 50-300%.
anyone who believes this 6% bullshit is either blind, stupid, or in on it.
where are you that eggs are $11?
I live in los angeles and the eggs here are under $4/dozen at Costco and like $4.50 at the regular amazon store.
big city in a red state, regular grocery store.
also doesn't address the literal compilation videos either. these low inflation rates are just fake.
Eggs are a special case, the whole bird flu thing pushed them up separately from everything else.
sure, but that doesn't address the compilation videos of things that aren't eggs which have gone up 50-300%.
Shadowstats has real inflation at around 15% YoY, which is an absolute disaster and worse than the 14.6% in 1980 when Jimmy Carter was in office.
Depends what the CPI basket actually measures.
The CPI is bullshit.
For starters, they game the fuck out of it. Steak used to be a part of the “bundle of goods” - until steak became too expensive. Then it magically floated out of the bundle because otherwise the inflation would have been too high. So the moment a product has too much negative impact on the CPI, it just goes away, “fixing” the CPI.
Secondly, the CPI includes durable and luxury goods. Big screen televisions are in “the bundle”. What happens when food and energy prices are through the roof? People stop buying TVs. What happens when people stop buying durable goods like TVs? Their prices go down. So cheaper televisions drive the index down, except no one cares because they can’t afford food or heat.
Everyone with a clue knows that food, shelter, and energy prices are out of control. Everyone with a clue knows that modern monetary policy and green energy policy are to blame. The game is in convincing the masses that something or someone else is responsible for the pain they’re feeling at the checkout.
CPI's definition is changed every few months, making it useless as an inflation tracker. And guess who has the power to change that definition? Why, the same people that don't want inflation to look as bad as it might be. Zero conflict of interest there, very honest, such reliable, much statistic.
I'm not sure the Biden administration wants low inflation.
They just don't want to carry the can for it.
cpi is a tranny number
The U.S. Bureau of Lies and Statistics rejiggered the CPlie formula for 2023. If this is the best they can do, hooo boy.
You only have two downvotes on the post, stop being a bitch.
I got one in the first ten seconds of posting so...
What would you expect? Your reputation precedes you, and you've burned a lot of bridges with constant name-calling and whining.
You're still 2:1 upvoted, so clearly at least some people appreciate the post. Or maybe the stormcuck tradconpro conspiracy to silence your super important voice just has the day off.
Pretty sure your type just wants stormposting.
Eh, you've been doing the other for quite a while now.
Keep this stuff up, though, it's appreciated.
if you keep posting other topics that will change. I didn't downvote but I think you collected a few people who probably reflexively downvote everything you post.