Birdwatch Note Rating
2024-02-26 15:17:43 UTC - HELPFUL
Rated by Participant: 7501405FE18B04FBAD6D203A6E49A6CDF427CB2EFE5011A94BB67A1A38AFEA3E
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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