I am a regular "Joe" may be not a plumber but a regular average next door guy who is concerned with USA economy. Currently underemployed and with a $ 250 000 in student loans and with a bankruptcy filed not long time ago my passion for the state of the economy arouse ... My purpose is to gather information from different journals and or blogs and help those fellows americans interested in the economy have a broader perception of what really is happening.
CPI stands for consumer price index. There are several running: CPI-U which the government uses and CS-CPI with both having minor differences: the government one uses OER (owners equivalent rent = income coming from renting) with a 2% increase YOY (year over year) while the CS-CPI uses -18.1% (negative 18%) in their formula for CPI which will obviously show a huge drop in CPI vs the government CPI. Now I am adding a third CPI: Shadowstats...all have different values...thats why you should wonder which CPI has been used when reading the news...which is more accurate? The CS-CPI because is taking under consideration housing devaluation...
CPI stands for consumer price index. There are several running: CPI-U which the government uses and CS-CPI with both having minor differences: the government one uses OER (owners equivalent rent = income coming from renting) with a 2% increase YOY (year over year) while the CS-CPI uses -18.1% (negative 18%) in their formula for CPI which will obviously show a huge drop in CPI vs the government CPI. Now I am adding a third CPI: Shadowstats...all have different values...thats why you should wonder which CPI has been used when reading the news...which is more accurate? The CS-CPI because is taking under consideration housing devaluation...
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