How The BLS’ Ignores The Fact That Inflation Is Crushing Young Families

Jon Economy, Market Commentary

Recently the Bureau of Labor Statistics (BLS) released inflation figures for February. Being a statistics geek, I immediately went to the source data and combed through the figures.
As I looked through the numbers, from the single reading of the Consumer Price Index (CPI), all the way through the individual price changes, I found myself wondering what it all means.
I understand the data, and have analyzed it for almost two decades. But does this report give us any useful information at all? Or is it so divorced from reality that we should just junk the whole thing and start over?
The more I dug into the numbers, the less useful they became.

This post was published at Wall Street Examiner by Rodney Johnson ‘ March 28, 2016.