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Posted on 5/12/24 at 6:34 pm to stout
That specific series that’s being removed has not increased 78% since Sept. 2023. The actual average price has been falling.
Where was the outrage in 2010 over these coffee prices?
Also, series get removed, updated, etc all the time in the BLS. I doubt you’ll find an old typewriter listed in it, but you’ll find a computer.
Where was the outrage in 2010 over these coffee prices?
Also, series get removed, updated, etc all the time in the BLS. I doubt you’ll find an old typewriter listed in it, but you’ll find a computer.
Posted on 5/12/24 at 6:55 pm to stout
CPI is fake until it runs hot confirming my bias but it’s still understated when it does
Posted on 5/12/24 at 6:56 pm to Jyrdis
quote:
That specific series that’s being removed has not increased 78% since Sept. 2023. The actual average price has been falling.
Actually, that is the one that is remaining the one that is being removed is:
Series ID 717312 Coffee, 100%, ground roast, 13.1-20 oz. can, per lb. (453.6 gm)
I think I figured out why. I went through the hundreds of canisters of coffee listed on Walmart and only 3 of them were within 13.1 and 20 ounces the vast majority were larger and some were smaller. One of the ones I found was a chicory blend which doesn't count anyway and 2 were expensive specialty products that wouldn't be used either. I think the reality is that coffee is rarely sold in cans of that size anymore assuming Walmart is a reasonable representation of the market. Not the API is very specific so for example 16oz bags would not be used in the above series.
Posted on 5/12/24 at 6:57 pm to stout
Never believe any number put out by the gov't. It's all lies. Anyone that pay bills knows that inflation has sky rocketed recently. And the prices go up, and never come down.
Posted on 5/12/24 at 6:57 pm to Jyrdis
quote:
Also, series get removed, updated, etc all the time in the BLS. I doubt you’ll find an old typewriter listed in it, but you’ll find a computer.
Nonsense. That isn't what Stout's thread implies.
Posted on 5/12/24 at 6:58 pm to Obtuse1
quote:
This is incorrect. The removal is a specific package size from the API, Coffee, 100 percent, ground roast, all sizes, per lb. (453.6 gm) remains in the API and coffee remains in the CPI. The screen grab in the tweet clearly says the API and does not mention CPI.
I can’t believe how many people glossed over that. These are the kind of people that are allowed to vote
Posted on 5/12/24 at 7:00 pm to Sterling Archer
quote:
I can’t believe how many people glossed over that. These are the kind of people that are allowed to vote
You know why they glossed over it.
Posted on 5/12/24 at 7:14 pm to Obtuse1
quote:OP title is misleading and should be adjusted to reflect this info which is clearly printed in the OP’s X embed. Community notes is great for this and should always be considered. Best thing Elon added when Twitter changed to X.
This is incorrect. The removal is a specific package size from the API, Coffee, 100 percent, ground roast, all sizes, per lb. (453.6 gm) remains in the API and coffee remains in the CPI. The screen grab in the tweet clearly says the API and does not mention CPI.
quote:
Coffee is not being removed from the CPI inflation data. This discontinuation only applies to “100% ground coffee only in 13.1 - 20 oz. cans” which is no longer sold in a majority of markets and which data was last published for in 1988. Other coffee goods are still reported
This post was edited on 5/12/24 at 7:17 pm
Posted on 5/12/24 at 7:16 pm to When in Rome
quote:
ommunity notes is great for this and should always be considered. Best thing Elon added when Twitter changed to X.
I think the tweet was posted before the community note, and since it's an imbed and not a SS, it's changed since OP was posted.
Posted on 5/12/24 at 7:18 pm to TDTOM
quote:
Must be really high.
Nowhere near as high as the price of giraffe farts.
Posted on 5/12/24 at 7:55 pm to Obtuse1
quote:
Actually, that is the one that is remaining the one that is being removed is:
Yep, missed the roast and weight. Doesn’t matter. Doesn’t fit the narrative. And LMAO at everyone getting up in arms over a series that hasn’t been reported in decades.
Posted on 5/12/24 at 7:56 pm to stout
a lot of :good boy: ‘s in here with…
This post was edited on 5/12/24 at 7:59 pm
Posted on 5/12/24 at 8:03 pm to SlowFlowPro
quote:
I think the tweet was posted before the community note,
Well, yeah......that's kind of how it works.
quote:
it's changed since OP was posted.
Only because it was called out for being misleading/an outright fabrication.
It was intended to catch fish. It caught Stout, and then Stout caught his limit.
This post was edited on 5/12/24 at 8:04 pm
Posted on 5/12/24 at 8:04 pm to Klark Kent
quote:
a lot of :good boy: ‘s in here with…
I mean, if that's the line you want to go with, and it makes you feel better.
Posted on 5/12/24 at 8:14 pm to LegendInMyMind
was i responding to you?
nah, i wasn’t.
nah, i wasn’t.
Posted on 5/12/24 at 8:16 pm to Klark Kent
You didn't respond to anyone. You just made a general statement in regards to what was said in the thread.
Posted on 5/12/24 at 8:17 pm to LegendInMyMind
and you felt the need to regulate. a self appointed admin.
This post was edited on 5/12/24 at 8:18 pm
Posted on 5/12/24 at 8:20 pm to hottamaletiger
a fresh alter. yay
Posted on 5/12/24 at 8:30 pm to stout
Usually the handle Wall Street Silver is legit.
Sad that he's posting a bogus coffee inflation story
Sad that he's posting a bogus coffee inflation story
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