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Jim__

(14,063 posts)

16. Under Greenspan/Boskin we changed the way we compute inflation.

Reply to mr_lebowski (Original post)

Sun Jun 9, 2019, 01:53 PM

Jun 2019

If the price of the standard "basket of goods" goes up, we replace expensive items in the basket with cheaper items. Stabilizes the hell out of the rate of inflation.

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If we consumers are paying the tariffs, shouldn't inflation be through the roof? [View all] mr_lebowski Jun 2019 OP

Walked into a grocery store lately? Food prices are definitely up hlthe2b Jun 2019 #1

HELL YEAH I have, I grocery shop all the time, and prices are WAY THE HELL UP ... mr_lebowski Jun 2019 #3

Because the inflation numbers are designed in a way to not include the costs that affect most people Salviati Jun 2019 #9

And we get most of our food and energy from China? Igel Jun 2019 #14

This is an explanation to the post that I responded to. Salviati Jun 2019 #15

This message was self-deleted by its author NutmegYankee Jun 2019 #30

+a brazillion! nt tblue37 Jun 2019 #26

interesting point gopiscrap Jun 2019 #2

I suspect that when they changed the measurements used to measure inflation, they ... SWBTATTReg Jun 2019 #4

That's my suspicion as well ... somehow the impact of the inflation these tariffs are causing mr_lebowski Jun 2019 #8

Many different indicators out there too...just that someone has got to tie it all together and ... SWBTATTReg Jun 2019 #10

It takes awhile for those things to start having an impact. The Velveteen Ocelot Jun 2019 #5

I have definitely noticed the increase in the price of avocados. smirkymonkey Jun 2019 #25

Some will get absorbed in lower profit margins. roamer65 Jun 2019 #6

Point,in the Mid Seventies, Wellstone ruled Jun 2019 #7

The price of everything is rising rapidly. Do you buy food, clothing or gas? onecaliberal Jun 2019 #11

Of course, hence the post ... mr_lebowski Jun 2019 #12

No one is actually trying to give us accurate information from this criminal squatter administration onecaliberal Jun 2019 #20

Official inflation numbers don't unclude gas or food. AJT Jun 2019 #27

It is trending up recently, just not way up yet. MarvinGardens Jun 2019 #13

Under Greenspan/Boskin we changed the way we compute inflation. Jim__ Jun 2019 #16

Ah, I suppose that 'helps' ... watch, by 2020 the basket will consist of Prison Nutraloaf (nt) mr_lebowski Jun 2019 #17

taxes (or tariffs) are not necessarily passed on to the consumer Mosby Jun 2019 #18

Nobody wants to hear that here dumbcat Jun 2019 #23

In the article you posted, it says it does NOT apply to necessities Farmer-Rick Jun 2019 #28

Two numbers. Voltaire2 Jun 2019 #19

You want the dirty socialists to rip off the US Taxpayers? Kid Berwyn Jun 2019 #21

True, good point there ... (nt) mr_lebowski Jun 2019 #22

Related...have heard people say on CNBC that trump wants an interest rate drop to Laura PourMeADrink Jun 2019 #24

you know how food and drink packaging is getting smaller Skittles Jun 2019 #29

I smell another tax to take care of this increase in prices due to Trump Tariffs. Of course, NCjack Jun 2019 #31