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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (22018)	9/27/2000 1:47:00 AM
From: Ken98	Read Replies (1) \| Respond to of 436258

The BLS comes clean?!?! <<Consumer price inflation has been slightly higher over the past year than officially reported because of a calculating glitch at the Bureau of Labor Statistics, government sources said. The bureau is preparing to revise upward the change over the last year in its consumer price index, the nation's most closely watched measure of inflation and the one used by the government to calculate cost-of-living adjustments in Social Security payments, veterans benefits and federal pensions. For the 12-month period ended last month, consumer prices rose 3.4 percent – partly as a result of surging energy prices – while the core CPI, which excludes energy and food items, rose 2.5 percent. The revision, which could be announced before the end of this week, is likely to result in an official inflation rate that is higher by about 0.1 to 0.3 percentage points for the past 12 months, the sources said. A revision of this magnitude won't please either Federal Reserve officials or investors, because to some extent both have been unhappy with the acceleration this year of both the CPI and the core portion of the index. [...]>> washingtonpost.com A John Berry article no less. What do you make of this? At this time? Any bets that no changes are made until AFTER the election?