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  3. Trump refuses to share pre-holiday inflation report — first skipped month in 12 years

Trump refuses to share pre-holiday inflation report — first skipped month in 12 years

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  • cubitoom@infosec.pubC This user is from outside of this forum
    cubitoom@infosec.pubC This user is from outside of this forum
    cubitoom@infosec.pub
    wrote on last edited by
    #1

    The federal agency will skip the postponed October report on the Producer Price Index and instead roll those figures into November's report, which will be published Jan. 14, reported the Wall Street Journal.

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    Trump refuses to share pre-holiday inflation report — first skipped month in 12 years

    The Bureau of Labor Statistics won't be publishing a delayed report on wholesale price inflation this month.The federal agency will skip the postponed October report on the Producer Price Index and instead roll those figures into November's report, which will be published Jan. 14, reported the Wall ...

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    • cubitoom@infosec.pubC cubitoom@infosec.pub

      The federal agency will skip the postponed October report on the Producer Price Index and instead roll those figures into November's report, which will be published Jan. 14, reported the Wall Street Journal.

      Link Preview Image
      Trump refuses to share pre-holiday inflation report — first skipped month in 12 years

      The Bureau of Labor Statistics won't be publishing a delayed report on wholesale price inflation this month.The federal agency will skip the postponed October report on the Producer Price Index and instead roll those figures into November's report, which will be published Jan. 14, reported the Wall ...

      favicon

      Raw Story (www.rawstory.com)

      P This user is from outside of this forum
      P This user is from outside of this forum
      partial_accumen@lemmy.world
      wrote on last edited by
      #2

      Withholding government reports or cooking them to make them more palpable is what we in the USA have accused China of for years.

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      • P partial_accumen@lemmy.world

        Withholding government reports or cooking them to make them more palpable is what we in the USA have accused China of for years.

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        I This user is from outside of this forum
        ironbird@lemmy.world
        wrote on last edited by
        #3

        we've been cooking the numbers for years, witholding them is just to finally pop this bubble

        dems ratfuck and build the bubble, take a couple steps forward while ignore basic growing wealth-gap/QoL shit leading to growing general disillusionment, lose to republicans after purposefully sabotaging themselves, republicans ratfuck more, pop the bubble, take a society couple steps back, dems win, repeat

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        • I ironbird@lemmy.world

          we've been cooking the numbers for years, witholding them is just to finally pop this bubble

          dems ratfuck and build the bubble, take a couple steps forward while ignore basic growing wealth-gap/QoL shit leading to growing general disillusionment, lose to republicans after purposefully sabotaging themselves, republicans ratfuck more, pop the bubble, take a society couple steps back, dems win, repeat

          P This user is from outside of this forum
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          partial_accumen@lemmy.world
          wrote on last edited by
          #4

          we’ve been cooking the numbers for years

          Can you point to an example I can look at?

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          • P partial_accumen@lemmy.world

            we’ve been cooking the numbers for years

            Can you point to an example I can look at?

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            I This user is from outside of this forum
            ironbird@lemmy.world
            wrote on last edited by
            #5

            the dozen different times they've changed the inflation metrics to remove/reduce the effect of various "volatile" things that were...becoming to expensive...like food, and housing.

            and that's before you throw in shit like federal/state subsidies which are used to directly and artificially manipulate the price of goods for consumers, like for gas. americans hate paying more than 4$/gallon for gas, but they effectively pay alot more when consider all the subsidies

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            • I ironbird@lemmy.world

              the dozen different times they've changed the inflation metrics to remove/reduce the effect of various "volatile" things that were...becoming to expensive...like food, and housing.

              and that's before you throw in shit like federal/state subsidies which are used to directly and artificially manipulate the price of goods for consumers, like for gas. americans hate paying more than 4$/gallon for gas, but they effectively pay alot more when consider all the subsidies

              P This user is from outside of this forum
              P This user is from outside of this forum
              partial_accumen@lemmy.world
              wrote on last edited by partial_accumen@lemmy.world
              #6

              the dozen different times they’ve changed the inflation metrics to remove/reduce the effect of various “volatile” things that were…becoming to expensive…like food, and housing.

              That sounds like you're describing the Consumer Price Index and the changes made to it over time. Those changes make sense to me because at one time the money you'd spend on internet access wasn't included because the items included predate the internet. Once it was accepted that internet is something everyone needs, they changed the metric to include it. Further, all of this is published in the open. You can read all the docs where the decisions were made and when the new metric is reflected in the data.

              The changes made to the CPI haven't "remove/reduce"'d the measured inflation number, they've actually increased the measured inflation, which I think we both agree is a more accurate assessment of what American consumers are facing.

              This doesn't compare to China in the past or what trump is doing now where they are simply faking numbers or withholding reports altogether.

              and that’s before you throw in shit like federal/state subsidies which are used to directly and artificially manipulate the price of goods for consumers, like for gas. americans hate paying more than 4$/gallon for gas, but they effectively pay alot more when consider all the subsidies

              That's a much larger conversation that isn't aimed at lying to people or withholding data. Yes, there is a political component where consumers don't like to pay more for gas, but even that isn't the main driver. The main driver is businesses need predictable prices and much of what the US Government (historically) does is making things predictable, not cheap, but predictable. With trump most of this is out the window and he's breaking rules and screwing up the stable predictable environment businesses want and need.

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