The federal agency will skip the postponed October report on the Producer Price Index and instead roll those figures into November’s report, which will be published Jan. 14, reported the Wall Street Journal.

  • partial_accumen@lemmy.world
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    15 days ago

    Withholding government reports or cooking them to make them more palpable is what we in the USA have accused China of for years.

    • IronBird@lemmy.world
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      15 days ago

      we’ve been cooking the numbers for years, witholding them is just to finally pop this bubble

      dems ratfuck and build the bubble, take a couple carefully chosen social steps forward while ignoring basic growing wealth-gap/QoL shit leading to growing general disillusionment, lose to republicans after purposefully sabotaging themselves, republicans ratfuck more, pop the bubble, take a society couple steps back, dems win after, repeat

        • IronBird@lemmy.world
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          15 days ago

          the dozen different times they’ve changed the inflation metrics to remove/reduce the effect of various “volatile” things that were…becoming to expensive…like food, and housing.

          and that’s before you throw in shit like federal/state subsidies which are used to directly and artificially manipulate the price of goods for consumers, like for gas. americans hate paying more than 4$/gallon for gas, but they effectively pay alot more when consider all the subsidies

          • partial_accumen@lemmy.world
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            15 days ago

            the dozen different times they’ve changed the inflation metrics to remove/reduce the effect of various “volatile” things that were…becoming to expensive…like food, and housing.

            That sounds like you’re describing the Consumer Price Index and the changes made to it over time. Those changes make sense to me because at one time the money you’d spend on internet access wasn’t included because the items included predate the internet. Once it was accepted that internet is something everyone needs, they changed the metric to include it. Further, all of this is published in the open. You can read all the docs where the decisions were made and when the new metric is reflected in the data.

            The changes made to the CPI haven’t “remove/reduce”'d the measured inflation number, they’ve actually increased the measured inflation, which I think we both agree is a more accurate assessment of what American consumers are facing.

            This doesn’t compare to China in the past or what trump is doing now where they are simply faking numbers or withholding reports altogether.

            and that’s before you throw in shit like federal/state subsidies which are used to directly and artificially manipulate the price of goods for consumers, like for gas. americans hate paying more than 4$/gallon for gas, but they effectively pay alot more when consider all the subsidies

            That’s a much larger conversation that isn’t aimed at lying to people or withholding data. Yes, there is a political component where consumers don’t like to pay more for gas, but even that isn’t the main driver. The main driver is businesses need predictable prices and much of what the US Government (historically) does is making things predictable, not cheap, but predictable. With trump most of this is out the window and he’s breaking rules and screwing up the stable predictable environment businesses want and need.

  • shalafi@lemmy.world
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    15 days ago

    Wonder how business leaders, particularly in retail, are taking this. How are you to navigate your current and future business needs without data?

    I feel like, pre-Trump, government denial like this would shake the stock market. The government is saying, “Shit’s so bad, we’re deliberately hiding it.”

    And even if the government isn’t holding back the data, really is struggling to catch up after the shutdown, that’s maybe worse! “This government is such a shit how we can’t handle our basic duties.”

  • vrek@programming.dev
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    15 days ago

    What happened in 2013 to delay that report? This seems really sketchy and I’m not a trump fan, just curious…

      • vrek@programming.dev
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        15 days ago

        Best response I got so far was in 2013 there was also a government shutdown also back in August Trump claimed the numbers in the job report were “lies”.

        As I said in another comment Trump sucks so much this is like #2574 of things to mock him for.