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There's some famous quote about how if you can't measure something, you can't manage it.

The it in question today is the key indicator in this American economy right now from American

public media. This is Marketflex. In Los Angeles, I'm Kyle Rizdole. It is Tuesday. Today

the 14th of February. Good as always to have you along. Everybody, the key indicator in

the American economy right now, I think we can all agree is inflation.

And to that end, we got the January consumer price index this morning. Prices up 6.4% last

month versus a year earlier, as you've surely heard by now. That is for the record, the

seventh straight month of year over year cooling of consumer prices. But month to month,

that is December to January, prices rose a half percent. Thanks in part to the rising

cost of food and housing and gas. Another thing though, the change between January and

December, the formula that the Bureau of Labor Statistics uses to calculate that headline

number, Marketplaces, Savannah, Mar explains why that matters.

The folks at the BLS aren't just tasked with measuring economic changes. They also have

to make sure they're measuring tools keep up with the times. So this is a big reason why

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