Last edited Mon May 17, 2021, 10:07 PM - Edit history (3)
...quit blowing smoke. Housing costs and grocery and transport costs have sky rocketed and are continuing to sky rocket.
Price changes for those are right in the link I gave you.
Stop misleading your fellow progressives.
Edited to add after noticing that my interlocutor has been Named Removed ( which I had nothing to do with ) :
Actually there are several government measures of inflation. The CPI (actually CPI-U) and the PCE (Personal Consumption Expenditures) indexes are by far the most widely reported. There are also so-called "core" measures of both that exclude food and energy. The core measure for the CPI (as well as the "all items" measure) is included in the link I gave in post#3
https://www.bls.gov/news.release/cpi.nr0.htm
The core measure is the "All items less food and energy"
The BLS doesn't use the term "core" for this subcategory, at least not in the link above -- I couldn't find the word "core" in the entire page -- but the media often report this "core" measure after reporting the main CPI number (the "all items" ) one.
Edited to Add
Consumer Price Index Frequently Asked Questions
https://www.bls.gov/cpi/questions-and-answers.htm
Here are a couple of the more relevant Q&A on what is the "official" inflation measure. But these are only two of the 24 FAQs listed. Different CPIs are used for the Social Security COLA, and recently, for taxes (the CPI was used until 2018 or so when the chained CPI began being used for adjusting tax brackets and other tax numbers like the standard deduction -- a move that will increase taxes over time)
15. Is the CPI the best measure of inflation?
Various indexes have been devised to measure different aspects of inflation. Inflation has been defined as a process of continuously rising prices or, equivalently, of a continuously falling value of money. The CPI measures inflation as experienced by consumers in their day-to-day living expenses; the Producer Price Index (PPI) measures inflation at earlier stages of the production process; the International Price Program (IPP) measures inflation for imports and exports; the Employment Cost Index (ECI) measures inflation in the labor market; and the Gross Domestic Product (GDP) Deflator measures inflation experienced by both consumers themselves as well as governments and other institutions providing goods and services to consumers. There are also specialized measures, such as measures of interest rates.
The "best" measure of inflation depends on the intended use of the data. The CPI is generally the best measure for adjusting payments to consumers when the intent is to allow consumers to purchase at today's prices, a market basket of goods and services equivalent to one that they could purchase in an earlier period.
16. Which index is the "official CPI" reported in the media?
The broadest and most comprehensive CPI is called the All Items Consumer Price Index for All Urban Consumers (CPI-U) for the U.S. City Average, 1982-84=100. CPI data are reported on a not seasonally adjusted basis as well as a seasonally adjusted basis. Sometimes the index level itself will be reported, but it is also common to see 1-monthor 12-month percent changes reported.
In addition to the all items index, BLS publishes thousands of other consumer price indexes, such as all items less food and energy. Some users of CPI data use this index because food and energy prices are relatively volatile, and they want to focus on what they perceive to be the "core" or "underlying" rate of inflation.
= new reply since forum marked as read
