Don’t Believe Government About Price Inflation by Richard Ebeling Sep 1, 2014
Don’t Believe Government About Price Inflation by Richard Ebeling It is an old adage that there are lies, damn lies and then there are statistics. Nowhere is this truer than in the government’s monthly Consumer Price Index (CPI) that tracks the prices for a selected “basket” of goods to determine changes in people’s cost-of-living and, therefore, the degree of price inflation in the American economy. On August 19th, the Bureau of Labor Statistics (BLS) released its Consumer Price Index report for the month of July 2014. The BLS said that prices in general for all urban consumers only rose one-tenth...
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