Even by the data-twisting standards of politicians, Sen. Bernie Sanders’ take on the housing market hits new depths.

But another data point in the report, something called unit labor costs, was revised lower. And that can tell us a lot about where inflation is headed.

That’s in contrast to the 19% who believe that tariffs are beneficial for the economy. They see an inflation rate this year of just below 0%, often called “ deflation,” which many economists ...