Government Statistics

 

 

 

The CPI won't go up because the 'geometric mean' formula accounts for 'substitute bias'.
Remember, the BLS asserts that
"consumers can and do, to some degree,
insulate themselves from the impact of higher prices by adjusting their
spending to favor relatively lower-priced goods or services."

 

From summertime 2000:

 

May 2000:

 

2000/2001/2002/2003 markpoyser all rights reserved