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To: bkopto
Who the heck is Chopwood index?
Is that the Antifa/BLM/witch doctor's index?

These are the real inflation indexes from the federal government.

Two different price indexes are popular for measuring inflation: the consumer price index (CPI) from the Bureau of Labor Statistics and the personal consumption expenditures price index (PCE) from the Bureau of Economic Analysis.

The annual inflation rate in the US eased to 0.1% in May of 2020 from 0.3% in April.
https://tradingeconomics.com/united-states/inflation-cpi

Inflation is virtually non stop existent right now.

40 posted on 07/06/2020 5:08:18 PM PDT by SmokingJoe
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To: SmokingJoe

I don’t believe the .fedgov’s rigged numbers.

https://chapwoodindex.com/problems-with-the-consumer-price-index/


41 posted on 07/06/2020 5:10:40 PM PDT by bkopto
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To: SmokingJoe; bkopto

https://tsi-blog.com/2015/07/beware-of-bogus-inflation-indices/

“Another alternative CPI is called the Chapwood Index. The components of this index were selected based on a survey of what Ed Butowsky’s friends and associates spend their money on (Ed Butowsky is the index’s creator).

“The prices of the 500 most commonly purchased items were then added together to generate the index. Not surprisingly, considering the methodology, the result is not a realistic measure of the change in the dollar’s PP or the cost of living.

“As evidence I point out that if the roughly 10%/year average increase in the general price level estimated by the Chapwood Index during 2011-2014 is correct, then the US economy’s real GDP must have been about 25% smaller at the end of 2014 than it was at the end of 2010*. In other words, if the Chapwood Index is an accurate reflection of PP loss then the US economy now produces about 25% less goods/services than it did four years ago. This is not remotely close to the truth.”


71 posted on 07/07/2020 10:25:34 PM PDT by Pelham ( Mary McCord, Sally Yates and Michael Atkinson all belong in prison.)
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