Posted on 02/15/2023 4:07:47 AM PST by EBH
If you thought prices were rising faster than the BLS said, you were right. Let's discuss revisions.
Each year with the release of the January CPI, seasonal adjustment factors are recalculated to reflect price movements from the just-completed calendar year. This routine annual recalculation may result in revisions to seasonally adjusted indexes for the previous 5 years. [And it did in spades] Recalculated seasonally adjusted indexes as well as recalculated seasonal adjustment factors for the period January 2018 through December 2022 were made available on Friday, February 10, 2023.
All Items as Reported and Revised
December as Reported -0.1, As Revised +0.1
November as Reported +0.1, As Revised +0.2
October as Reported +0.4, As Revised +0.5
September as Reported +0.4, As Revised +0.4
August as Reported +0.1, As Revised +0.2
(Excerpt) Read more at mishtalk.com ...
Speaking of which, can’t wait to see if the BLS revises it’s employment numbers for last month given how out of whack they were vs ADP.
These types of revisions are why I believe things like the CPI, Unemployment percentage, and GDP numbers, although correct then they are published are misleading and meant to make the public believe something that aren’t necessarily true.
When the public initially hears the numbers, they are led to believe, “oh that isn’t so bad, the economy is doing okay”, only later the revisions point to something completely different.
https://youtu.be/3QQ8GiiqkXQ
FED & Government Caught RED Handed Faking Key Market Data
It is basically the Fed backed into a corner. They have to raise interest rates. And millions of people will suffer because of it.
I believe this is also why we cannot raise the debt ceiling.
We are heading into a brick wall. Soft landing my backside.
The obama affect.
Intentional
political mascara
adjusting for next months fawn news
As has been pointed out elsewhere, the price index does not move in lockstep unison between all items of consumption. Individual prices may actually fall LOWER than the index, while others have a much sharper rise. Depending on the mix of consumer items for each individual, the rise or fall may not be exactly reflected in the published rate. But the overall change has been inevitably higher on a month-to-month basis. And it works much like compound interest, in reverse.
The invisible tax of inflation is costing each and every one of us, and it is a means for the government bean counters to control so many aspects of our lives.
Especially originally reported leading up to the November elections.
Republicans will huff and puff about that, then do nothing.
Intentional obfuscation since nobody reports revisions.
With these CPI adjustments and a 3 million job ‘seasonal adjustment’ to the jobs numbers, it is like painting the Potemkin village.
Odd the “adjustments” (errors) are always in the same direction. Simply impossible if the numbers and errors are honest.
It isn’t all doom and gloom out there. The economy is stronger than many suspect, and that is part of the problem in the feds eyes. There isn’t enough deflationary pressures created by the fed yet, and markets have been rising as of late. All of that can crash tomorrow, but many are doing well.
Correction=Admission of a lie.
If my math is correct, for the 5 months annualized, initially CPI was reported as an increase of 9.6%, and the revised CPI is an increase of 14.7%.
It isn’t all doom and gloom out there.
See how good the MSM propaganda works.
Biden said yesterday to not believe your lyin’ eyes, but believe him. He said inflation continues to go down. He stated that it went from 6.5 to 6.4%. Yippee. However, after adjustments for real inflation, it actually is up 13.8% since he took office. What a lying POS.
oops, forgot to annualized the revised number, how about 35.3%?
Guess that’s why I paid more for groceries & other things when they had announced prices were going down. That “raise” we got on S.S. may not have been enough, or maybe not enough because of where you live. The true cost of certain things you MUST buy may have caused the raise to be only half enough.
Grocery, fuel and electricity are up 100% over a couple of years ago.
These numbers have no bearing on reality.
The true cost of certain things you MUST buy may have caused the raise to be only half enough.
It means they are manipulating the figures for political reasons. Notice every revision corrects understated inflation figures. It is always one way. Not a coincidence.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.