WASHINGTON (AP) — Prices for U.S. consumers jumped 6.2% in October compared with a year earlier as surging costs for food, gas and housing left Americans grappling with the highest inflation rate since 1990.
It's not like they cherry pick the indices they choose to include, and 6.2% was as low as they could get it without completely gaslighting how bad it is. /s
Pretty sure this is how the S & P or the Dow Jones Industrial Average works too. They just hot swap companies into and out of the index, based on their performance, to arrive at a certain number.
Yeah, 6.2% increase. Totally.
It's not like they cherry pick the indices they choose to include, and 6.2% was as low as they could get it without completely gaslighting how bad it is. /s
Lol I bet it's over 15% at this point
Do they not use the same indices every year? Tell me more.
If the price of Cheerios goes up to much they remove cheerios from the basket and replace it with saw dust. Not even joking.
They use the same indexes but are allowed to change the contents that affect each index. If housing went up 30%, remove housing from the index.
Pretty sure this is how the S & P or the Dow Jones Industrial Average works too. They just hot swap companies into and out of the index, based on their performance, to arrive at a certain number.