Friday, February 19, 2010
Well, someone at the Bureau of Labor Statistics has been poking around here this afternoon and they spent a fair amount of time here. Hey! That's my taxpayer money, isn't it?
I've not heard from anybody on this subject yet but I did go through some calculations with some of the other categories in the most recent inflation data as a sanity check and, as far as I can tell, they've got an error in today's report as noted here earlier today.
It still seems to me that, despite what you may have read in the mainstream media and elsewhere today, monthly core inflation did not decline for the first time since 1982.