[Tell It Right]

...according to the century-old consumer-price index

BS. How the CPI has changed over the past decade. Thus it's not a century old. It no longer includes groceries, energy, or housing....not the prices of those life dependent things matter or anything.

[RainMan]

Exactly. Inflation in core consumables is up, no matter how they manipulate the CPI. This is essentially the government telling people not to believe their own lyin eyes.

[Elsie]

In the 12 months through February, inflation, according to the century-old consumer-price index, was 3.2%, compared with 6% a year earlier.

Yet the average person thinks it went up.

Yes, 3.2% is STILL UP!!!
When it EVER becomes negative - it goes DOWN!

[Elsie]

In the 12 months through February, inflation, according to the century-old consumer-price index, was 3.2%, compared with 6% a year earlier.

It's the RATE of Inflation that has gone down.

[Vermont Lt]

The CPI composition changes on a regular basis.

The changes in the culture and productivity cause one part or another to fall out or be added.

Looking at the CPI in 1979 and trying to compare it to today means that the introduction of computerized manufacturing and the internet will not be reflected at all.

It would be akin to comparing the price of the 1950s SP500 to today and not including Apple or Microsoft.