pinqy
Gold Member
Yeah, except food and energy are included: Table 1. Consumer Price Index for All Urban Consumers (CPI-U): U. S. City Average, by expenditure category and commodity and service group
Not really, they are "adjusted" per the 1982 and 1991 recalculations of the CPI.
I just linked to the actual news release which shows in black and white that food and energy are included yet you deny it? And you show a chart that doesn't actually support your claim about food and energy. Seriously?
Shadowstats claims are ridiculous and he's made false statements about BLS methodology.
Read and learn: FAQ version
Full rebuttal
Also, here's the BLS Handbook of Methods detailing CPI methodology. Where's Shadowstat's documentation on methodology?
And further, BLS looked at what the effect was of the most recent change in methodology and found that yes, the new methods showed lower inflation, but nowhere near the amount Williams claims: http://www.bls.gov/opub/mlr/1999/06/art4full.pdf