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TechFlow news, according to the official Twitter of The Kobeissi Letter, the U.S. January PPI data was "revised" upward, showing an inflation rate of 6.5%, not 6.2%.
Previously, December and November CPI inflation figures were also "revised" higher last week. They first alter the numbers, then start changing the calculation methods.Original link
The U.S. PPI data for January was "revised" higher, showing an inflation rate of 6.5% instead of 6.2%. Previously, the CPI inflation figures for December and November were also "revised" higher last week. They first adjust the numbers, then start changing the calculation methods.
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