Birdwatch Note Rating
2023-06-15 06:21:01 UTC - HELPFUL
Rated by Participant: FAC0FE6E74F20B1A625A4B9FEC836A7FB0A5D4C3998EAD5025CD9B8E3D03295A
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Original Note:
Tweet’s statistics are referencing the PPI, which measures price changes for producers. "Hardworking families" do not directly feel changes in this inflation measure. A different measure, the CPI, measures inflation that they feel. https://webapps.dol.gov/dolfaq/go-dol-faq.asp?faqid=471&topicid=6&subtopicid=126#:~:text=PPIs%20Measure,purchaser's%20perspective; https://www.investopedia.com/ask/answers/011915/what-difference-between-consumer-price-index-cpi-and-producer-price-index-ppi.asp CPI trends are shown here: https://www.usinflationcalculator.com/inflation/current-inflation-rates/ https://twitter.com/WhiteHouse/status/1668643333344837632?s=20 Both: https://twitter.com/PressSec/status/1669081583612043265?s=20
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