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re: The US BLS has announced that coffee prices will no longer be factored into CPI inflation
Posted on 5/12/24 at 4:00 pm to stout
Posted on 5/12/24 at 4:00 pm to stout
quote:
The US BLS has announced that coffee prices will no longer be factored into CPI inflation
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.
3
Posted on 5/12/24 at 4:03 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.
Shhhh......
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 7:14 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
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