- CPI Jumps In Feb, BLS Admits It’s Making Most Of It Up
by Tyler Durden, https://www.zerohedge.com/
Update: The BLS is basically just admitted it is all BS…“data collection in February was affected by the temporary closing or limited operations of certain types of establishments. These factors resulted in an increase in the number of prices considered temporarily available and imputed”
So take the following data with a pinch of salt (and no there’s no conspiracy cover-up here at all to hide the pernicious effects of massive money-printing… that would be crazy talk).
All eyes this morning are on consumer prices as we near the precipice of last year’s collapse and the (artificial) explosion in year over year comps that the short-term collapse will create (temporarily, if The Fed is to be believed). February consumer prices rose at 0.4% MoM – the fastest pace since July, lifting the year-over-year price rise to 1.7% – the highest since Feb 2020…