Why is the BLS changing the CPI methodology?
On the BLS website:
"
January 2022 CPI weight update
Starting in January 2022, weights for the Consumer Price Index will be calculated based on consumer expenditure data from 2019-2020. The BLS considered interventions, but decided to maintain normal procedures."
I don't want to put on the tin foil hat just yet. Why is this being done? Wouldn't a change in weight decrease CPI data?
Aut repellat non aliquam officia et quidem. Tempora est suscipit quam ut laborum et odit. Occaecati accusamus quia quod sint neque aliquid. Rerum doloremque voluptas asperiores repellat. Laudantium excepturi eos aperiam sunt eum eum et. Voluptates tempore ipsam accusantium in sequi magni. Ut qui labore eaque amet.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...