The index of leading indicators, he said, is overstating present strength.

It is expected to conclude that the index greatly overstates inflation.

Most economists agree that the index overstates inflation, and the Republican plan would reduce it by 0.2 percentage point.

Most economists agree that the index generously overstates the inflation rate.

Many experts believe this index overstates actual price increases and should be adjusted downward.

A commission of economists appointed by a Senate committee concluded last month that the index overstated actual inflation.

The politically appointed Boskin commission has said that the index overstates consumer costs.

In 1996, the Boskin Commission estimated that the index was overstating inflation by more than 1 percent per year.

If the Consumer Price Index really overstates inflation, then those real income numbers should be higher.

The Boskin Commission concluded that the index overstated inflation by an average of 1.1 percentage points a year.