The quality of CPI inflation data continues to deteriorate:
In August, 36% of CPI prices were estimated, up from 32% in July.
Normally, BLS calculates CPI inflation by gathering ~90,000 monthly price quotes across 200 product and service categories.
When price data is missing, the BLS fills the gaps with estimates, which usually make up ~10% of all data points.
The share of estimates has rapidly surged over the last few months.
As a result, CPI numbers are becoming less accurate and less reflective of real consumer costs.
Confidence in the economic data is eroding.
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Itโs All Bullshit Numbers.
Stop Trusting & Start Verifying!!!
#Bitcoin #HosKasi Dumbass
