this post was submitted on 18 Jul 2023
122 points (97.7% liked)

News

23276 readers
821 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 1 year ago
MODERATORS
 

Wages rise more than 4% while consumer prices increase 3%

Archive link: https://archive.ph/gKfPr

you are viewing a single comment's thread
view the rest of the comments
[–] ImFresh3x@sh.itjust.works 2 points 1 year ago* (last edited 1 year ago) (3 children)

This is disinformation.

https://www.bls.gov/cpi/additional-resources/historical-changes.htm

There have been very few changes, and none in the last few years. And when they made changes last they were small changes that only make the score more accurate:

Changes to the CPI establishment frame (2019-2020)

•Replaced Telephone Point-of-Purchase Survey (TPOPS) as source of retail establishment frame with data from the Consumer Expenditure Surveys (CE)

•Eliminated redundancies and inefficiencies in survey operations and reduced household burden Use of Quarterly Census of Employment and Wages business registry to refine the location and address data from the CE

• Use of Quarterly Census of Employment and Wages business registry to refine the location and address data from the CE

“It’s wrong and most of use know it.” I don’t think most of anyone knows it. And the ones who do are misinformed, repeating false internet narratives without doing any sort of fact checking.

There’s been 13 revisions in over 100 years.

[–] ptsdstillinmymind@lemmy.studio 2 points 1 year ago* (last edited 1 year ago) (1 children)

Look another one stating how the government keeps changing the formula to make CPI go down.

https://www.forbes.com/sites/qai/2023/01/23/supercore-inflation-excludes-food-energy-and-housing/

Yea, but keep lying to the people.

[–] ImFresh3x@sh.itjust.works 0 points 1 year ago* (last edited 1 year ago)

You are confusing yourself. That article sites the BLS website to explain the differences between core and super core indexes. Both are publicly available, and neither are new. The formula for either number hasn’t changed significantly in decades (1983 when housing price weight was changed).

[–] ptsdstillinmymind@lemmy.studio 1 points 1 year ago (1 children)

Bullshit, why do you ppl lie for the government. Are you getting paid to gaslight ppl all over the world.

https://www.nytimes.com/2022/05/24/technology/inflation-measure-cpi-accuracy.html

[–] ImFresh3x@sh.itjust.works 1 points 1 year ago* (last edited 1 year ago)

You obviously didn’t read your own article. It dismantles the argument that the calculation is vastly changed, and acknowledges a change in how housing prices are weighted in 1983 might change the equation by 1 point for some people looking to buy a home. Not in the “last two years,” as stated by the comment above.

https://archive.ph/zvtPw

And your article literally cites data from the BLS website so I guess you’re shilling for the government?

[–] ptsdstillinmymind@lemmy.studio -1 points 1 year ago (1 children)

Another article.

https://thehill.com/business/3856258-cpi-calculation-to-be-revised-for-january-price-data/

I really wish you ppl would stop the gaslighting. This is why things are getting worse.

[–] ImFresh3x@sh.itjust.works 1 points 1 year ago

Owners’ equivalent rent of residences (OER) has nothing to do with the headline CPI numbers. The article you’re referring to literally cites the BLS website, and talks about a separate number not covered by any headlines or indexes in this post.

Nice try.