<story><title>Inflation rises to 6.8% year over year</title><url>https://www.bls.gov/news.release/cpi.nr0.htm</url></story><parent_chain><item><author>boc</author><text>The BLS has a very well-documented method [1] of measuring core consumer inflation. The basket of goods they track likely does not reflect your personal consumption patterns.&lt;p&gt;[1] &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;www.bls.gov&amp;#x2F;opub&amp;#x2F;hom&amp;#x2F;cpi&amp;#x2F;&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;www.bls.gov&amp;#x2F;opub&amp;#x2F;hom&amp;#x2F;cpi&amp;#x2F;&lt;/a&gt;</text></item><item><author>wonderwonder</author><text>Based on my anecdotal experience this seems to very much understate inflation. 
How is housing up only 3.8%? This site says over 17% rent increase nationally over the last year: &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;www.apartmentlist.com&amp;#x2F;research&amp;#x2F;national-rent-data&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;www.apartmentlist.com&amp;#x2F;research&amp;#x2F;national-rent-data&lt;/a&gt; which seems to be more accurate.  Anyone with a web browser knows that home prices have experienced a monumental increase.&lt;p&gt;Also a trip to the grocery store appears to cost me 50% more now for essentially the same goods. Every trip to the store pre-covid cost me around $100, now its $150. I do buy primarily proteins so that is the source of the increase but to ignore that seems ill advised.&lt;p&gt;Not generally a conspiracy theorist but unless the people that built this report are using some accepted formula that is very different than the real world this report seems to be intentionally underselling inflation.</text></item></parent_chain><comment><author>msandford</author><text>Core inflation excludes food and energy.  So as long as you&amp;#x27;re dead, you only experience core inflation!  Everyone else who is alive is exposed to core inflation and also the one that takes food and fuel into account.  Perhaps that&amp;#x27;s why people don&amp;#x27;t &amp;quot;buy&amp;quot; the numbers.  Because the numbers aren&amp;#x27;t representative of the reality that alive human beings experience.</text></comment>
<story><title>Inflation rises to 6.8% year over year</title><url>https://www.bls.gov/news.release/cpi.nr0.htm</url></story><parent_chain><item><author>boc</author><text>The BLS has a very well-documented method [1] of measuring core consumer inflation. The basket of goods they track likely does not reflect your personal consumption patterns.&lt;p&gt;[1] &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;www.bls.gov&amp;#x2F;opub&amp;#x2F;hom&amp;#x2F;cpi&amp;#x2F;&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;www.bls.gov&amp;#x2F;opub&amp;#x2F;hom&amp;#x2F;cpi&amp;#x2F;&lt;/a&gt;</text></item><item><author>wonderwonder</author><text>Based on my anecdotal experience this seems to very much understate inflation. 
How is housing up only 3.8%? This site says over 17% rent increase nationally over the last year: &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;www.apartmentlist.com&amp;#x2F;research&amp;#x2F;national-rent-data&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;www.apartmentlist.com&amp;#x2F;research&amp;#x2F;national-rent-data&lt;/a&gt; which seems to be more accurate.  Anyone with a web browser knows that home prices have experienced a monumental increase.&lt;p&gt;Also a trip to the grocery store appears to cost me 50% more now for essentially the same goods. Every trip to the store pre-covid cost me around $100, now its $150. I do buy primarily proteins so that is the source of the increase but to ignore that seems ill advised.&lt;p&gt;Not generally a conspiracy theorist but unless the people that built this report are using some accepted formula that is very different than the real world this report seems to be intentionally underselling inflation.</text></item></parent_chain><comment><author>MrPowers</author><text>Some notable &amp;quot;adjustments&amp;quot; that are made when computing the CPI:&lt;p&gt;* using &amp;quot;owners equivalent rent&amp;quot; rather than house prices: &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;www.bls.gov&amp;#x2F;cpi&amp;#x2F;factsheets&amp;#x2F;owners-equivalent-rent-and-rent.pdf&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;www.bls.gov&amp;#x2F;cpi&amp;#x2F;factsheets&amp;#x2F;owners-equivalent-rent-an...&lt;/a&gt;&lt;p&gt;* factoring in technology as deflationary.  yea, your phone is 20% more expensive, but it has twice the computation power, so it&amp;#x27;s actually a deflationary component&lt;p&gt;* substituting goods to account for substitution bias (&lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;www.frbsf.org&amp;#x2F;economic-research&amp;#x2F;publications&amp;#x2F;economic-letter&amp;#x2F;1999&amp;#x2F;february&amp;#x2F;a-better-cpi&amp;#x2F;#:~:text=Substitution%20bias%20occurs%20because%20the,changes%20of%20goods%20and%20services&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;www.frbsf.org&amp;#x2F;economic-research&amp;#x2F;publications&amp;#x2F;economi...&lt;/a&gt;.).  Substituting chicken for beef was heavily criticized.</text></comment>