The Flawed CPI: The Fallacy Of Year-Over-Year Inflation Reporting

By (Photo by Win McNamee/Getty Images)Getty ImagesFollowing the release of the August Consumer Price Index (CPI) the headlines were full of muscular scare-words. “Resurgent US consumer prices…more angst… fresh signs of stubbornly high inflation” – The Financial Times “Inflation accelerated in August…a surge in consumer prices” – The Wall Street Journal “Price pressures remain stubborn…marking…

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