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What is up with all the government toadies in this thread? CPI has consistently been "dumbed down" over the years, and now with all of lying coming out of the Biden administration as well as the massive revisions that come out every month on any economic statistics that come out from this administration, there is absolutely no way that CPI measures the same thing that it used to measure 10 or 20 years ago..
How has it been "dumbed down"? Can you provide any examples? I doubt you're going to provide any given your inherent bias shown in the rest of statement (the bolded), once again proving my point I made in the post directly above yours.
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
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I'm in commercial./industrial real estate and we do an annual CPI increase on rent for some tenants. The figure we use comes from the local Seattle-Tacoma-Bremerton, WA U.S. Bureau of Labor Statistics. It's most likely going to be different from the CPI in Anchorage, AK or Memphis, TN. When the federal government declares a CPI for the whole country, such as for Social Security increases, it's going to benefit some and be way under the needs of others. Supposedly the CPI is factual, but then getting close to an election year, there is definitely motivation for the current administration to minimize the inflation taking place under their watch.
I'd love to see your examples of this process. If you have any.
Are you saying that the way the CPI is calculated has never changed.....
Every new administration has changed it to suit there needs, multiple times in some regimes.
It's become a joke among the general public, everyone knows it's BS, Well OK not everyone there are a few that also think the emperors new cloths are fabulous.
Are you saying that the way the CPI is calculated has never changed.....
Every new administration has changed it to suit there needs, multiple times in some regimes.
It's become a joke among the general public, everyone knows it's BS, Well OK not everyone there are a few that also think the emperors new cloths are fabulous.
it has changed , but for greater accuracy and to represent a wider range of goods and services
People like to criticize but not to come up with examples to support WHY they are criticizing. I mean, anyone who wants to can read exactly what goes into the CPI measures and how they are calculated. It changes every once in a while (maybe every few years) but only to take into account subtle changes in consumer behavior over time. But nobody wants to hear anything that doesn't support their internal narrative.
For the record, I believe the CPI inflation YOY is pretty close. Some things (like gas, some food, personal items, utilities, and rent where I live, have gone down), while others, such as insurance and property taxes, have gone up. Overall my expenses went up slightly, and mostly it was a big jump in my property taxes and slight increases in insurance, gym fees, and cost of some foods (mostly cost of eating out, which was a choice on my part).
LOL... Yes subtle changes You know getting rid of those annoying little things that have a bad habit of making the current administration look bad...
LOL... Yes subtle changes You know getting rid of those annoying little things that have a bad habit of making the current administration look bad...
You sheeple just crack me up sometimes.
How about giving some examples of how the CPI has specifically changed so that it no longer provides accurate measures of inflation? Until you do can do that you've said nothing that is remotely convincing.
Are you saying that the way the CPI is calculated has never changed.....
Every new administration has changed it to suit there needs, multiple times in some regimes.
It's become a joke among the general public, everyone knows it's BS, Well OK not everyone there are a few that also think the emperors new cloths are fabulous.
lettuce no forget last years fiasco where the admin missed the due date by a MONTH in order to gerrymander it to get it as low as possible. we made the due dates for the runs to actually pay out the COLA money by HOURS. lot of OT/comp/credit
How about giving some examples of how the CPI has specifically changed so that it no longer provides accurate measures of inflation? Until you do can do that you've said nothing that is remotely convincing.
really?
>>>[b]With the release of January 2022 indexes, the BLS updated the spending weights used to calculate the Consumer Price Index (CPI[
weight food and fuel to a fraction of reality...yeah, that'll do it. what else changed. since its online, YOU show us the rest.
>>>With the release of January 2022 indexes, the BLS updated the spending weights used to calculate the Consumer Price Index (CPI
weight food and fuel to a fraction of reality...yeah, that'll do it. what else changed. since its online, YOU show us the rest.
Fuel is a particularly difficult commodity to weight because it fluctuates pretty rapidly. The Federal Reserve tends to look at a CPI that excludes energy from calculations because they think it is a more accurate index of prices for average people. Food is very much a part of that index though.
You're making very general statements without citing to any sources.
I found this article in Investopedia which does a good of explaining the changes that have been made to CPI over the years and why they were made.
Quote:
How Has the Calculation of the CPI Changed Over Time?
The methodology used to calculate the CPI has undergone numerous revisions. According to the BLS, the changes removed biases that may have caused the CPI to overstate the inflation rate. An updated methodology includes changes in the quality of goods and substitution. Substitution, or the consumer response to price changes, alters the relative weighting of the goods in the basket.
U.S. Bureau of Labor Statistics. “Quality Adjustment in the CPI.”
>>>With the release of January 2022 indexes, the BLS updated the spending weights used to calculate the Consumer Price Index (CPI
weight food and fuel to a fraction of reality...yeah, that'll do it. what else changed. since its online, YOU show us the rest.
food is more about supply, weather and demand then inflation .
eggs are dirt cheap again ….avian flu effected millions of egg laying chickens .
we now see strawberries and blueberries for crazy low prices .
fuel is effected by all kinds of things and all of us don’t see the same usage .
we have heat , hot water and gas included in our rent , which went up a mere 3% .
we drive a hybrid .
so our energy costs are lower then the cpi reflects
Last edited by Lizap; 10-26-2023 at 08:05 PM..
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Yes subtle changes 