Birdwatch Note Rating
2023-07-13 20:10:15 UTC - HELPFUL
Rated by Participant: 455AC0EB89927B59714506114E91A18316C8DD7E38F46994C049814BC80AEBD4
Participant Details
Original Note:
It should be noted that the calculation of CPI was changed in February 2023. “According to the BLS, the changes removed biases that caused the CPI to overstate the inflation rate.” This change lowered the CPI shown here without a change to inflation. https://www.investopedia.com/articles/07/consumerpriceindex.asp#:~:text=index%20(COLI).-,Over%20the%20years%2C%20the%20methodology%20used%20to%20calculate%20the%20CPI,quality%20of%20goods%20and%20substitution.
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