World News Insights
1-3 Minute Gist

All Topics Article

How the Inflation Rate Is Measured: 477 Government Workers at Grocery Stores

WSJ Original article ›
LyrArc Article Gist
This report in the WSj shows the work of 477 on the ground workers and economists at government agency Bureau of Labor Statistics. These workers track changing prices on hundreds of thousands of goods and services every month. This work adds up to form the Consumer Price Index which shapes policy of central banks on inflation and cost of living increases for Social Security, government policy on inflation. Thus report looks at one day in the life of Ms. Mascitis, 50, as a price BLS price checker, visiting an auto mechanic shop for the cost of a rear brake job, full brake replacement, and a visit to grocery stores where she sees problems of shrinkage in packaging that affect price. 



Support LyrArc

We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.

Support Lyrarc from as small as $1


Copyright © 2006 - 2026 Intelilinks LLC
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us