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TL;DR Using the not seasonally adjusted CPI-U less food and energy, the average rate of increase for the months of October, November, December and January, was 6.5% in 2021–2. In 2022–3, the average for the same four months was 3.5%—down by 300 basis points. What’s Going on with Seasonal Adjustment of the CPI? This week, I discovered that I could no longer reproduce the graphs I posted last…
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