Monday, November 10, 2014

The Hocus-Pocus of CPI Calculation

"By Joseph Salerno
Zero Hedge explains the scam that is Hedonic Quality Adjustments wherein the Bureau of Labor Statistics manipulates price data so that  large increases in the actual prices of certain products can be transformed into decreasing prices when calculating the Consumer Price Index..."
at http://bastiat.mises.org/2014/11/the-hocus-pocus-of-cpi-calculation/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MisesBlog+%28Mises+Economics+Blog%29

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