Looking for opinions, responses to two responses below. Personal responses would be great, offering valid points for a discussion, and opinions on thoughts to the posts.

1) The Bureau of Labor Statics of the U.S Department of Labor is the main agency that is responsible for measuring many things. I was reviewing a chart that shows the 12-month percentage change for the Consumer Price Index, and it had different categories for example food, energy, and all items less food and energy. Over the last 12 months there was an increase for all items of 6.5 percent. Energy increased 7.3 percent, and food increased 10.4 percent over the last year. Everything is increasing and it will continue to increase. Just electric alone increased 11.9%, and it is going to continue to increase. Also, on this website I found a very interesting article that talked about how Consumer Price Index measures "shrinkflation" and how that impacts inflation. Shrinkflation is basically when you are getting a smaller size of an item but still paying the same price as you did before for a quite larger item. For example, a bag of tortilla chips might seem less full, but you are still paying the regular price for it. It is downsizing food and household commodities, and this is quite common. The item with the highest instance of downsizing is household paper products, followed by snacks. Interestingly enough, although downsizing is quite common it has a very miniscule impact on overall inflation.

2) The Bureau of Labor Statistics (BLS) provides valuable information and resources regarding labor market activity, working conditions, and economical price changes. Anyone can quickly and efficiently look up essential economic information that could potentially affect the global economy when designing and executing a plan through its abundant and detailed database. While searching through the data tools, it is clear that the historical perspective on trends demonstrates the importance of acknowledging events in the past and how they can potentially affect the future.

The information provided by the BLS correlates with the information provided by the Federal Reserve. Through their tools, they indicate that there are provisions set in place that allow the government to have an idea of what to expect in the future. This can be seen through their forecasts, such as the forecast from the Philadelphia Federal Reserve Bank. "The outlook for the U.S. economy in 2023 looks somewhat better now than it did three months ago, according to 37 forecasters surveyed by the Federal Reserve Bank of Philadelphia" (First Quarter).