Birdwatch Note Rating
2023-07-13 17:00:00 UTC - HELPFUL
Rated by Participant: 85E42040770D2E397516FA4E69398840153B241652A8EC5872DD2EAD6290569C
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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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