the official CPI figure is used to for a lot of things, like, say, setting how much Social Security benefits goes up YOY, or retirement pay for military retirees. If CPI is low, so is the annual raise.
CPI has been fucked with since 1980, and is the entire reason ShadowStats exists as a web site.
Help me out with this. What is the significance of the CPI (consumer price index for those unfamiliar)?
the official CPI figure is used to for a lot of things, like, say, setting how much Social Security benefits goes up YOY, or retirement pay for military retirees. If CPI is low, so is the annual raise.
CPI has been fucked with since 1980, and is the entire reason ShadowStats exists as a web site.