US Labor Department Sows Confusion With Email on Consumer Prices
Written by Black Hot Fire Network on February 29, 2024
The US Labor Department’s statistical agency emailed a group of analysts about a key factor behind the jump in January’s consumer price index before trying to take it back, raising questions about the validity of the figures.
A Tuesday email to data “super users,” seen by Bloomberg, suggested a surge in a measure of rental inflation — which had left analysts puzzled — was due to a shift in underlying calculations, rather than just a rise in prices. One recipient said the Bureau of Labor . . .
