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Started By
Message
Inflation will be significally down in the January report, released feb 10
Posted on 1/17/23 at 4:32 pm
Posted on 1/17/23 at 4:32 pm
Price of eggs will still be 6.50 a dozen
But the folks calculating the inflation rate for the country are switching methods of calculation. Before, a two year average was used for establishing the base rate, now it will only be one. for this year it will be based on 2021 data. A most unusual year.
Rest assured, the new calculation will show a serious drop that has already been gamed in.
I do the household grocery shopping and a lot of upward adjustments were made during the holidays.
My prediction for January, 8.5 % old system, 5.9% new system
22
Posted on 1/17/23 at 4:33 pm to Trevaylin
Any word on orange juice futures?
Posted on 1/17/23 at 4:34 pm to Trevaylin
Biden administration being dishonest? They would never!
Posted on 1/17/23 at 4:36 pm to Ingeniero
Need to ask Beeks on those juice futures….if we can find him
This post was edited on 1/17/23 at 4:37 pm
Posted on 1/17/23 at 4:37 pm to Trevaylin
quote:
the folks calculating the inflation rate for the country are switching methods of calculation. Before, a two year average was used for establishing the base rate, now it will only be one. for this year it will be based on 2021 data. A most unusual year.
Rest assured, the new calculation will show a serious drop that has already been gamed in.
Link?
Posted on 1/17/23 at 4:40 pm to Trevaylin
So inflation isn’t as inflated as it was? Is it like being slightly less pregnant? Maybe more like being a little less stupid?
Posted on 1/17/23 at 4:53 pm to Trevaylin
This post has been marked unreadable!
Posted on 1/17/23 at 4:59 pm to Trevaylin
Posted on 1/17/23 at 5:06 pm to Trevaylin
They are losing their arse on ibonds so they have to cook the books to get the interest rates down.
Posted on 1/17/23 at 5:16 pm to Trevaylin
quote:
But the folks calculating the inflation rate for the country are switching methods of calculation. Before, a two year average was used for establishing the base rate, now it will only be one. for this year it will be based on 2021 data. A most unusual year.
Link?
Posted on 1/17/23 at 5:31 pm to Trevaylin
Things becoming cheaper is awful news for the white leftists agenda
Posted on 1/17/23 at 5:33 pm to Trevaylin
no chance this administration would ever fudge the numbers or deflect from them with meaningless other statistics. i don’t believe it.
Posted on 1/17/23 at 5:34 pm to Trevaylin
I love threads like this on the PT where people just drop new facts and statistics with no link
Posted on 1/17/23 at 5:48 pm to GreatLakesTiger24
BLS.gov you lazy frick 
Posted on 1/17/23 at 6:01 pm to Trevaylin
Wait til you find out about OER or added value adjustments.
Posted on 1/17/23 at 7:10 pm to wutangfinancial
quote:
BLS.gov you lazy frick
Can you link the bls page that describes the change of calculation method in the OP?
Posted on 1/17/23 at 7:24 pm to JohnnyKilroy
I made that comment knowing it was the first thing on the front page for a month or two but it’s gone now and I can’t find it
Posted on 1/17/23 at 7:25 pm to Trevaylin
How's the cocaine and hookers market looking?
Posted on 1/17/23 at 7:28 pm to Trevaylin
quote:
Price of eggs will still be 6.50 a dozen
Current rates of inflation are utterly unacceptable, but you do realize that we are in the middle of a massive avian flu epidemic, right? We've killed over 50M chickens in the US alone. Japan was up to 10M last I heard. We're probably in the hundreds of millions worldwide.
Chicken eggs probably aren't the best indicator of inflation at the moment, at least not in the context of governmental policy.
Posted on 1/17/23 at 8:49 pm to Trevaylin
Any publication on them switching techniques?
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