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  • 1.  Cherry picking data

    Posted 11 days ago

    In case you missed it earlier this week, the White House decided to use a (very skewed) report from DoorDash to claim that "inflation has been tamed."

    I, for one, am pretty sure that cherry picking data (the "breakfast index" is 3 eggs, 1 avocado, 1 bagel, and a glass of milk) doesn't accurately reflect grocery prices in the U.S.

    This is just one more example of why scientifically-robust, well-documented, replicable public data are irreplaceable.

    NEW DATA: Lower Prices, Bigger Paychecks

    The White House remove preview
    NEW DATA: Lower Prices, Bigger Paychecks
    President Donald J. Trump's bold economic agenda is delivering real results for American families - with new data from DoorDash's State of Local Commerce
    View this on The White House >



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    Beth Jarosz
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  • 2.  RE: Cherry picking data

    Posted 8 days ago

    Yes. Bundles and prices matter.  Unfortunately, this breakfast example could be accurate, but it is all due to the falling price of eggs (a dozen eggs has fallen 44% between March and Sept - the last 6 months).  This demonstrates the importance of BLS CPI data.  They produce average price series for a variety of food products, and you could create your breakfast index - or even the cost of a Thanksgiving dinner.  For example, one dozen eggs, a gallon of milk, pound of tomatoes (no average price for avocados) and a pound of bread (no bagels) has fallen 17%, but if you included a pound of ground coffee (increased 24% over the past 6 months) and can of fzn OJ that basically wipes out the price decrease (now -2%), and obviously if you use the CPI for food at home, that has increased in the past 6 months.  BLS provides a wonderland of data for us to make the right comparisons and decisions.



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    David Johnson
    International Association for Research in Income a
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