There are so many problems with how inflation is reported
Posted on: May 23, 2024 at 10:09:47 CT
meatiger MU
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First of all, they do not use the correct definition of inflation.
The biggest thing is that they do not take into account changes in consumer behavior. They use the same list and probably full prices at that, and not account for "sales"
Depending on which part of the economy you are in, listening on earnings calls to those that are in the industry is the best place to get that information.
They know their customers and how they act and react. Are they perfect, no, but they give unbiased views (sometimes different as they are trying to affect their stock prices), but generally less filtered.
That is why listening to business channels in the morning is generally the best place to get this news.