U.S. inflation is high, with prices rising quickly across many everyday goods. A Bureau of Labor Statistics dataset shows that out of 340 line items, only 15% had a negative change in price. The remaining 85% increased in price. Fuel oil rose by 54% year over year. The framing of a chart that emphasizes the few items with price decreases is presented as misleading. The overall pattern indicates broad-based price increases rather than isolated declines.
"Out of 340 line items, only 15% of them showed a negative change. The remaining 85% increased in price, including fuel oil, which increased by 54% year-over-year."
"U.S. inflation is high, and the prices of almost everything are rising fast enough to notice when we go to the store."
"The U.S. Department of Labor posted this monstrosity of a chart that shows the handful of things that decreased in price, as if it were something to brag about."
"Here is the full dataset from the Bureau of Labor Statistics. Out of 340 line items, only 15% of them showed a negative change. The remaining 85% increased in price, including fuel oil, which increased by 54% year-over-year. This is hardcore cherrypicking."
Read at FlowingData
Unable to calculate read time
Collection
[
|
...
]