Olde Hornet
Well-Known Member
The orange devil administration is going to change the way they calculate inflation right before the elections. This will allow this to make social security increases smaller and lie to Americans about the real cost of inflation. 
The client media will spin this, they are also going to make it retroactive in order to lower inflation rates for the year. 
truthout.org
The Federal Reserve is preparing to adjust how it measures inflation in three areas of consumer purchases this fall, a move that will cause the numbers to appear to drop slightly.
While many economists say the changes are necessary to reflect the true costs of these items, the move comes at a time when trust in federal data from the Trump administration is low.
The Bureau of Economic Analysis (BEA) said the changes will affect the examination of prices in three categories: portfolio management and investment advice services; legal services; and computer software and accessories. Overall, the adjustments, which will be implemented starting in the fall, are expected to reduce inflation numbers by 0.2 percent.
Some commentators have been critical of the timing of the changes, noting that the new calculations will likely be met with skepticism from the public.
“Given the growing mistrust around official data, we urge the BEA to act with more transparency around timing, weights, and historical revisions,” said Vikas Patel, program manager at Employ America, a liberal think tank.
The client media will spin this, they are also going to make it retroactive in order to lower inflation rates for the year.
Methodology Changes Could Make Inflation Look Better, Raising Public Skepticism of Trump Admin Data
The new adjustments to inflation calculations come as several polls show Americans are struggling with consumer costs.
truthout.org
The Federal Reserve is preparing to adjust how it measures inflation in three areas of consumer purchases this fall, a move that will cause the numbers to appear to drop slightly.
While many economists say the changes are necessary to reflect the true costs of these items, the move comes at a time when trust in federal data from the Trump administration is low.
The Bureau of Economic Analysis (BEA) said the changes will affect the examination of prices in three categories: portfolio management and investment advice services; legal services; and computer software and accessories. Overall, the adjustments, which will be implemented starting in the fall, are expected to reduce inflation numbers by 0.2 percent.
Some commentators have been critical of the timing of the changes, noting that the new calculations will likely be met with skepticism from the public.
“Given the growing mistrust around official data, we urge the BEA to act with more transparency around timing, weights, and historical revisions,” said Vikas Patel, program manager at Employ America, a liberal think tank.