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Fake U.S. CPI data on Twitter forces official clarification

Just the day before the much-anticipated U.S. consumer price index (CPI) report for June was released, fake data circulated on Twitter, hitting U.S. stocks and forcing the Bureau of Labor Statistics (BLS) of the U.S. Department of Labor to come forward. clarify. A report circulated on Twitter showed that the annual growth rate of CPI in June was as high as 10.2%, driven by rising food and energy prices, and the monthly growth rate was seasonally adjusted to 1.7%, up from 1.0% in May. . BLS did not issue a clarification on Twitter until 5:7 pm EST on the 12th, stating that it knew that a fake CPI report was circulating on Twitter and that the report was indeed fake, and pointed out that the real CPI data will be released on the morning of the 13th EST. Announced at 8:30. The British Financial Times and Zero Hedge reported on the 12th that the fake report showed that the annual growth rate of the CPI in June was as high as 10.2%, which was much higher than the 8.8% widely predicted by economists. , but the U.S. stock market reacted after the rumors fermented almost three hours later, that is, in the afternoon.

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