Feb 15, 2023
The way inflation is measured has just changed.
If we take a look at the Consumer Price Index homepage on the Bureau of Labor Statistics website (bls.gov), we see this banner at the top that says there is an update to the CPI weighting.
Starting in January of this year, the Bureau of Labor Statistics updated the weights for the Consumer Price Index so that it’s based on a single calendar year of data instead of what it used to be, which was two years of expenditure data.
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