CPI data provided 'downwardly biased view of inflation,' says EY-Parthenon's Daco

Let's bring in Greg Do. That's a good idea. >> He thinks this report wasn't just noisy and full of gaps, but that it shows a downwardly biased view of inflation.Greg, am I saying that correctly. What do you see here that jumps out to you. >> Yeah, that's absolutely right, Kelly.And I think Steve put it well. Uh, it was full of gaps for sure. It was very noisy.It was messy, but there was a downward bias. And this downward bias to clarify what Steve was mentioning is due to the BLS methodology when it comes t ...