In an unusual move, the Bureau of Labor Statistics announced coffee prices will no longer be factored into the CPI inflation data. This is another way for the US government to fudge the inflation numbers to help Joe Biden in the middle of a presidential election. The overwhelming majority of...
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“Since September 2023, coffee prices are up a MASSIVE 78%.” the Kobeissi Letter, a blog on capital markets said.
This is unusual:
The US BLS has announced that coffee prices will no longer be factored into CPI inflation data.
In fact, the April 2024 CPI inflation report this week will be the first to NOT include coffee price inflation.