Birdwatch Note Rating
2024-02-27 18:41:08 UTC - HELPFUL
Rated by Participant: 4ED158FE69FADBE2A473E1512B3FFBCA8728AF23D4CA060EBE454A9A8BC9063E
Participant Details
Original Note:
This thread correctly states that the CPI data is based on a changing basket (which can potentially mask inflation). https://www.bls.gov/cpi/questions-and-answers.htm#:~:text=How%20is%20the%20CPI%20market%20basket%20determined%3F However, actual price change data did not significantly increase, so Krugman's graph is not misleading. Compare fixed good prices here (e.g. Bacon per lb): https://data.bls.gov/cgi-bin/surveymost?ap
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