In an unusual move, the Bureau of Labor Statistics announced coffee prices will no longer be factored into the CPI inflation data.
(So if they start taking everything out of the calculation for inflation, pretty soon there will be no inflation.)
This is another way for the US government to fudge the inflation numbers to help Joe Biden in the middle of a presidential election.
The overwhelming majority of Americans consume coffee every day. According to Drive Research, 73% of Americans drink coffee every day.
This week’s April CPI inflation report will NOT include coffee price inflation.
Coffee prices are exploding which explains why the Biden Regime doesn’t want it factored into the inflation data in the middle of a presidential election.
Inflation is on the rise again this year thanks to Joe Biden’s tax-and-spend policies.
Consumer prices rose 0.4% in February – less energy and food prices. Grocery prices are up 30+%. Gas prices are soaring.
“Since September 2023, coffee prices are up a MASSIVE 78%.” the Kobeissi Letter, a blog on capital markets said.
(After I put this post together, a comment was left on the tweet, but I have no idea who puts up the comments.)
Coffee is not being removed from CPI. Discontinuing the publication of a specific average price series is not the same as removing a good from the CPI calculation. For an explanation, see bls.gov/cpi/factsheets…
https://www.thegatewaypundit.com/2024/05/bls-announces-coffee-prices-will-no-longer-be/
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