{"id":196079,"date":"2008-05-25T08:54:00","date_gmt":"2008-05-25T13:54:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/05\/25\/completely-bogus-government-statistics-seasonal-adjustments-to-inflation-edition\/"},"modified":"2008-05-25T08:54:00","modified_gmt":"2008-05-25T13:54:00","slug":"completely-bogus-government-statistics-seasonal-adjustments-to-inflation-edition","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/05\/25\/completely-bogus-government-statistics-seasonal-adjustments-to-inflation-edition\/","title":{"rendered":"Completely Bogus Government Statistics: Seasonal Adjustments to Inflation Edition"},"content":{"rendered":"<p>I point you to some <a href=\"http:\/\/bigpicture.typepad.com\/comments\/2008\/05\/seasonal-adjust.html\">good work  by Barry Ritholtz<\/a>, who notes:<\/p>\n<blockquote><p>For example, crude energy materials &#8220;only&#8221; advanced 4.1% in April, with crude petroleum gaining 4.5 % and natural gas prices rising 4.3%. After the seasonal adjustments, these prices appeared rather odd:  They showed energy prices falling by 0.2%, while gasoline costs dropping 4.6%.<\/p><\/blockquote>\n<p>It turns out that this all goes back into the numbers in July.<\/p>\n<p>According to this article, if prices were flat, we would still see a 16.3% increase in July&#8230;.Not pretty.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I point you to some good work by Barry Ritholtz, who notes: For example, crude energy materials &#8220;only&#8221; advanced 4.1% in April, with crude petroleum gaining 4.5 % and natural gas prices rising 4.3%. After the seasonal adjustments, these prices appeared rather odd: They showed energy prices falling by 0.2%, while gasoline costs dropping 4.6%. &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1135,1009,1200,992],"tags":[],"class_list":["post-196079","post","type-post","status-publish","format-standard","hentry","category-energy","category-government","category-inflation","category-statistics"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/196079"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=196079"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/196079\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=196079"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=196079"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=196079"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}