The Reserve Bank Grift #5: Lies, Damn Lies, and Core Inflation

Or how to lie with statistics

One way to lie with statistics: Headline inflation, Trimmed mean inflation, Weighted median, Sectoral factor model, Core factor inflation. None of them actual consumer price inflation or money supply inflation.

Lie with statistics the RBNZ way using meaningless data and models.

https://www.rbnz.govt.nz/statistics/series/economic-indicators/prices

Core inflation excludes food and energy (see page 4 - RBNZ November 2023 Financial Stability Report)

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