FOMC - Paul Krugman Takes A Dig At 'Unbiased' Blockchain-Based Inflation Dashboard: 'Their Numbers Keep Coming In Lower Than The CPI' | Benzinga
In a Sunday post on X, formerly Twitter, economist Paul Krugman called out blockchain-backed inflation tracking site Truflation for its consistently lower inflation numbers compared to the Bureau of Labor Statistics (BLS).
What Happened: Krugman, in his tweet, questioned the utility of Truflation’s data. The site’s figures, he noted, are consistently lower than those reported by the BLS.
Hey, does anyone remember Truflation? This was backed by a bunch of blockchain types, who I'm pretty sure expected to "prove" that the BLS was understating inflation. Instead, their numbers keep coming in lower than the CPI pic.twitter.com/qL9bjIiWjg — Paul Krugman (@paulkrugman) February 25, 2024
Truflation, known for its daily inflation tracking using real-time metrics, has been indicating inflation rates lower than the government-reported rate of ...