Today’s Doctored CPI Inflation Release is like a Bad Joke, but Very Serious (though it Suits the Administration’s Narrative)

Today’s Doctored CPI Inflation Release Is Like a Bad Joke, but Very Serious

Unpacking the data crime in the new inflation report: a bizarre fall in housing costs, aka Owners Equivalent of Rent, which is 26% of CPI.

"Clearly Doctored" CPI Report -- Housing Costs Curiously Flatlined Since August. UPDATED

UPDATE: Wolf Street has a new analysis of this CPI report, which IMO is worth the read and has more context on Owners Equivalent Rent (OER), which went squirrelly in September. Wolf Street now describes the OER data as “clearly doctored”. No CPI data...

Today’s Doctored CPI Inflation Release is like a Bad Joke, but Very Serious (though it Suits the Administration’s Narrative)

No CPI data for October, partially made-up CPI data for November, and now 3 months' of doctored OER data which weighs 26% of overall CPI.