https://twitter.com/WallStreetSilv/status/1789718376849273268
Wall Street Silver
@WallStreetSilv
Here is how the government fakes the CPI inflation data. Just remove stuff that is increasing in price.
Coffee … removed as of April 30, 2024. Why? Coffee has increased 78% since September 2023.
All of these small changes are designed to reduce the official reported rate of inflation, so you don't know how bad it is.
Why does the govt do this? Political and budget reasons. High inflation is bad for Biden. Also, social security cost of living adjustments will be lower, reducing what the govt will pay seniors.
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The Kobeissi Letter
@KobeissiLetter
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8h
This is unusual:
The US BLS has announced that coffee prices will no longer be factored into CPI inflation data.
In fact, the April 2024 CPI inflation report this week will be the first to NOT include coffee price inflation.
Well, the obvious next step is to see what happened…
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7:04 AM · May 12, 2024
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