President Biden’s recent tweet on x.com claiming that “inflation was 0%” has sparked widespread discussion about the significant role of software in influencing public perception of economic data.

The tweet from the @POTUS account claimed, “Inflation was 0% last month – and our economy grew by more than 5% last quarter. Bidenomics.”

President Biden explained further that The Federal Reserve aims for a 2% PCE, which currently stands at 3%. Another measure, the Consumer Price Index (CPI), shows an annual inflation rate of 3.2%. The community note – which is utilized to put inaccurate or untrue posts in context – highlighted that the Personal Consumption Expenditures (PCE) index indicates a month-over-month change. Additionally, the note pointed out that inflation is usually assessed via the CPI metric.

The influence of software and digital platforms is shaping economic narratives. They possess the capability to either clarify or complicate public understanding of economic trends, playing a role that is sometimes more influential than traditional government channels.

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