There was a big Facebook factcheck fail about a week ago. It started when I posted this:
Seems straightforward. Imagine my surprise when Facebook flagged it.
Missing context? Luckily it was easy for me to find the relevant table on the BLS website. Just for my readers, here’s the comparison of the image I posted with the actual figures from the BLS.
Missing context? Here are the inflation rates for the CPI and its components over the last 21 months.
Sure, the context makes a huge difference. Most of the components are currently around 5 percent. That line way up at the top of the graph is transportation, coming in hot at 20 percent at its peak. FWIW, these are year over year rates.
Update: here’s the Politi”fact” “reasoning.”