Get back to me when we’ve corrected the last 30 years of wage stagnation too
Where? My rent has gone up $200 for the third year in a row. Over 5 years my rent has gone up 33%, meanwhile my pay has only gone up 25%.
Renting is often more expensive monthly than owning a home. Obviously this differs by area, but particularly as you get out of the city, homes get downright inexpensive.
I have never received an inflation beating raise, not once in my life, and I’m 50 years old. The only way to get good raises is to job hop. And anyway, 3%CPI? Have they done any food shopping in the past year?
They exclude food, fuel and some other things from CPI. The government made this change about a year ago. It’s wrong and most of us know it.
This is disinformation.
https://www.bls.gov/cpi/additional-resources/historical-changes.htm
There have been very few changes, and none in the last few years. And when they made changes last they were small changes that only make the score more accurate:
Changes to the CPI establishment frame (2019-2020)
•Replaced Telephone Point-of-Purchase Survey (TPOPS) as source of retail establishment frame with data from the Consumer Expenditure Surveys (CE)
•Eliminated redundancies and inefficiencies in survey operations and reduced household burden Use of Quarterly Census of Employment and Wages business registry to refine the location and address data from the CE
• Use of Quarterly Census of Employment and Wages business registry to refine the location and address data from the CE
“It’s wrong and most of use know it.” I don’t think most of anyone knows it. And the ones who do are misinformed, repeating false internet narratives without doing any sort of fact checking.
There’s been 13 revisions in over 100 years.
Look another one stating how the government keeps changing the formula to make CPI go down.
https://www.forbes.com/sites/qai/2023/01/23/supercore-inflation-excludes-food-energy-and-housing/
Yea, but keep lying to the people.
You are confusing yourself. That article sites the BLS website to explain the differences between core and super core indexes. Both are publicly available, and neither are new. The formula for either number hasn’t changed significantly in decades (1983 when housing price weight was changed).
Bullshit, why do you ppl lie for the government. Are you getting paid to gaslight ppl all over the world.
https://www.nytimes.com/2022/05/24/technology/inflation-measure-cpi-accuracy.html
You obviously didn’t read your own article. It dismantles the argument that the calculation is vastly changed, and acknowledges a change in how housing prices are weighted in 1983 might change the equation by 1 point for some people looking to buy a home. Not in the “last two years,” as stated by the comment above.
And your article literally cites data from the BLS website so I guess you’re shilling for the government?
Another article.
https://thehill.com/business/3856258-cpi-calculation-to-be-revised-for-january-price-data/
I really wish you ppl would stop the gaslighting. This is why things are getting worse.
Owners’ equivalent rent of residences (OER) has nothing to do with the headline CPI numbers. The article you’re referring to literally cites the BLS website, and talks about a separate number not covered by any headlines or indexes in this post.
Nice try.
Been outpacing inflation for several months now.
