Similar questions: government manipulating Consumer Price Index.
The CPI states nearly no inflation while gas and food prices are skyrocketing. As is health insurance and tolls and childcare ... TamaraW 8 months ago .
True. But many items in the core groups have gone down. On average there is no inflation now - but that may not last.
Your question assumes they are. The obvious method would be to cherry-pick what items are evaluated to determine the CPI. If the government wanted picture A, include quick-to-price-increase items such as fuel.
If the government wanted picture B, exclude them and replace with slow-to-price-increase items such as property.
I don't know what G4Bs 'core groups' are, but I buy the groceries for my household, and I'm here to tell you, eating costs more today than it did a year ago, and it costs a LOT more than it did two years ago! I regularly spend more than $200 every week to ten days for my pitiful little cart of groceries. Three years ago I spent less than $100 for the same items.
I suspect the CPI is just as slippery a term as "full employment' and 'poverty level' are. When they don't like the answers, they redefine the term.
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Please explain the Consumer Price Index and its relevance in layman's terms.
Is there an advantage to doing your financial planning at a bank like harris or is it better to go with edward jones or.
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