Ed Elson

And considering this is one of the biggest issues in the nation right now, I think that this should be kind of more of a big deal, or at least people should talk about it more.

I guess, tell us more about how the report is flawed.

Like, we know that they were missing data in October.

How does that affect both November and December in the CPI report?

Yeah, everyone except for basically the person that matters, which is the president who was on Truth Social saying, we have a great low inflation report and taking these numbers at face value, which seems like a problem.

I guess we can just put that aside for now.

My question, you know, we had this flawed report for November.

We have the flawed report for December.

How long is this going to go on for, do you think?

How long are we going to be dealing with these CPI reports that we get from the BLS and which make these headlines, but then we have to add this asterisk and say it's not quite right?

If we were to just look at these numbers that we did see in the report, and now that we've gotten all of the gigantic asterisks out of the way, let's just sort of look at the numbers.

One thing that was striking, to me at least, energy up 2.6% year over year, but...

There's some nuance here.

Gasoline prices down 3.5%.

Electricity prices up 6.7%, nearly 7% increase in electricity prices.

This jumped out to our research team.

I guess our question is, is that data centers?

Is that AI?

Do we have any— That's AI.

That's AI?