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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Les H who wrote (107540)6/8/2001 2:29:31 AM
From: pater tenebrarum  Read Replies (3) of 436258
 
ho ho ho:

<< Statisticians like to remove food and energy from the CPI because of their volatility. They like to ex-out anything that smacks of a one-time event, like a tobacco-price increase, or reflects a faulty seasonal adjustment problem, like early introduction of the spring apparel line. (Note: The tendency to ignore flukes is restricted to price increases, not decreases.)

With energy prices persistently sticky, housing and medical care on a roll, there isn't much left in the CPI that qualifies as well-contained. >>

now why am i not surprised that only price INcrease flukes are ignored....anyway, Ms. Baum must be hallucinating, since we have it from on high, that 'inflation is not a problem'.
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