Thanks for sharing. It’s surprising coffee is being removed
It’s crazy people still think the CPI is real anymore
They’re not removing coffee from the CPI, just cans of ground coffee in that size range. You’ll still find 717311: “Coffee, 100%, ground roast, all sizes, per lb. (453.6 gm)” on there – it was a redundant category. And both roasted and instant coffees are used in the calculation.
4 comments
Thanks for sharing. It’s surprising coffee is being removed
It’s crazy people still think the CPI is real anymore
They’re not removing coffee from the CPI, just cans of ground coffee in that size range. You’ll still find 717311: “Coffee, 100%, ground roast, all sizes, per lb. (453.6 gm)” on there – it was a redundant category. And both roasted and instant coffees are used in the calculation.
And while there was a [spike](https://tradingeconomics.com/commodity/coffee) in coffee futures in April, they’ve come back down some. If you measure low-point to high-point you see a pretty big delta, but it’s still under the 2022 peak prices and [<10% jump](https://markets.businessinsider.com/commodities/coffee-price) YoY.
CPI calculation is pretty transparent as far as government bureaucracies go.
Imagine 1 inch is no longer the same length, but you still call it an inch.
Imagine 1 cm is no longer the same length, but you still call it one centimeter.
The entire engineering would collapse.
That’s what we are doing to the economy.