Bloomberg: CPI Inflation Data is a "Lie"

Even the MSM is beginning to wake up.

http://seekingalpha.com/article/48440-bloomberg-cpi-inflation-data-is-a-lie

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a2SUCQ3Bslk0

is go to the grocery store. A 1 lb. box of crackers now costs more than a 2 lb. box did a year or so ago. On just about anything, if you've been watching, weight amounts have gone down and prices have gone up simultaneously. A lot of the time they leave it in the same size container. Other times, they simply stop producing the item under one name, give it a new name and raise the price. Example that I can specifically remember would have been a type of shampoo from a company that I won't name. They retained the same basic scent, gave it a new name, label, and bottle and upped the price about a dollar.

I heard one of the analyst make a statement and then ask a question to the effect that everything that WAS in the CPI basket had been removed. And, they made a inquiry as to how could there be CPI with an empty basket.

substitution idea where being forced to replace steak with hamburger is a decrease in inflation if the pre pound price of hamburger is low, the Greenberg quality improvement - a valid idea when it was very limited back in the 50's - and its idea that every increase in computer ram and hard disk size and cpu speed means a huge decrease in cost of living despited the same job costing the same to do as you still need a machine that has the same entry level price - plus the basket being changed over time not by logic but by the need to get lower numbers -

and all the MSM notices is the real estate "rent" game, the ignoring "one time" costs like college, and ignoring out of pocket health costs -

oh well - it's a start that they notice anything not given them on a Rove handout.