Birdwatch Note Rating
2023-07-13 16:17:03 UTC - HELPFUL
Rated by Participant: 53606F50F62900502B69B31E82974B42123E61A80CD1018279FCC05371052F59
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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