“Core” CPI Challenge
Last week, I mentioned the long, distasteful history of governments deliberately underreporting inflation data. It drew surprising pushback — especially given the chronological list I shared: 1944-45: Mitchell Committee 1953: Postwar Basket Revisions. 1961: Stigler Committee 1972-75: Core Inflation 1983: Owners’ equivalent rent 1995–96: Boskin Commission 2017: Chained CPI as fiscal policy 2000:…
We haven't written up this one. The Big Picture has the full story — the link below goes straight to it.
