A few common misunderstandings about inflation can spiral into conspiracies. Just because the cost of one thing is going up doesn't necessarily mean there's inflation, which is when all prices move together.
Dark talk about skullduggery and conspiracies around inflation calculations was a feature of the internet long before President Donald Trump even dreamed of riding down the Trump Tower escalator to announce his presidential bid.
The consumer price index is the most widely used measure of inflation. It affects millions of Americans because Social Security uses it to adjust pension income payments. So its important, and the market doesn’t ignore it. The Fed likes the PCE index better because it fluctuates. For instance, if beef prices rise, many households will “substitute” and eat more chicken. So PCE offers a measure of what consumers “actually” consume.
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