Recent discussions on Twitter have sparked confusion regarding the inclusion of coffee prices in the U.S. Consumer Price Index (CPI). Some users claimed that the Bureau of Labor Statistics (BLS) has removed coffee, which increased by 78% since September 2023, from the CPI calculation, suggesting that this could manipulate inflation data. However, clarifications from other sources indicate that coffee, despite a 27% recent increase, remains part of the CPI. The confusion seems to stem from the discontinuation of a separate 'Average Price Series' for bulk coffee, which does not affect the main CPI calculation.
That’s interesting... They took coffee which rose 27% out of the the Consumer Price Index the week April’s CPI is going to come out. Rate cuts are coming because they are changing the data to justify it. Stay long crypto. https://t.co/2bOHU2CQSS
That’s interesting... They took coffee which rose 27% out of the the Consumer Price Index the week April’s CPI is going to come out. Rate cuts are coming because they are changing the data to justify it. https://t.co/q6AfwTipi6
BLS is removing coffee prices from the CPI calculation If you stop measuring what's going up then the inflation numbers look good
Not true. Coffee is still in the CPI, as you can see if you click on the link below and scroll down: https://t.co/glOuCFWZiU. The "Average Price Series" is a separate index, which has nothing to do with the calculation of the inflation rate. https://t.co/Hkb7EVPeLl
This is just straight up misinformation. Coffee is in CPI. Coffee will continue to be in CPI as long as Americans consume it. This is the discontinuation of a *companion series outside the CPI* that measured the average price of a specific bulk coffee. Low trust ahh behavior https://t.co/SJjisjhYSZ
Here is how the government fakes the CPI inflation data. Just remove stuff that is increasing in price. Coffee ... removed as of April 30, 2024. Why? Coffee has increased 78% since September 2023. All of these small changes are designed to reduce the official reported rate of… https://t.co/trIe2Aa8ym
This is unusual: The US BLS has announced that coffee prices will no longer be factored into CPI inflation data. In fact, the April 2024 CPI inflation report this week will be the first to NOT include coffee price inflation. Well, the obvious next step is to see what happened… https://t.co/ibkc3HmISS