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trdtaylor1 | 2 years ago

The point the article is making about the BLS statistics is they do not represent the ground truth of inflation, and indirectly how it impacts different economic classes, due to both difficulty in capturing real inflation AND there are ways to game it. There are reasons for BLS to come with reduced official inflation, same as other countries. The real inflation rate as experienced by the poor and middle class is normally higher then what BLS claims.

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ceejayoz|2 years ago

> The point the article is making about the BLS statistics is they do not represent the ground truth of inflation...

Neither does the price of a can of a particular brand's tomato soup in isolation.