Although overall inflation has been high since the pandemic hit, some consumer goods and services have stagnated or gone down in price over the last five to six years.
If the rule goes into effect, it could be harder for economists at the Bureau of Labor Statistics — who are anxious about losing their jobs — to deliver bad news.
“If we think about the ways that companies collect data, it ranges so widely from different company,” said George Washington University’s Tara Sinclair. “That’s why it’s so important that we have government statistical agencies.”