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And let's not forget that the official method of measuring inflation does not count energy, food, shelter, education, or medical care... at least not in any real sense. So, not only is the "no inflation" statement a lie, they aren't even measuring what really matters! But hey - big screen TV's are cheaper than ever, so everything must be great! Too bad I can't eat them, live in them, or use them as transportation...
They also exclude Wal Mart, which results in inflating the official number some. Economists estimate annual family saves $500 at Wal Mart vs other retailers.
And let's not forget that the official method of measuring inflation does not count energy, food, shelter, education, or medical care... at least not in any real sense. So, not only is the "no inflation" statement a lie, they aren't even measuring what really matters! But hey - big screen TV's are cheaper than ever, so everything must be great! Too bad I can't eat them, live in them, or use them as transportation...
Either you are uniformed or you are lying. Either way here is REALITY.
The CPI is compiled monthly by the Bureau of Labor Statistics (BLS). Data collectors survey 23,000 retail and service establishments and 50,000 landlords every month and collect price data on about 80,000 items. The items are grouped into 8 categories:
Food and beverages
Housing
Apparel
Transportation
Medical care
Education and communication
Other goods and services
People still take the ADP numbers seriously? Half of the time they can't even get the payroll checks right.
Then again, 80k will be revised TWICE by the BLS.
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