Re:The Old Are Eating the Young
by baybal2 on Tuesday June 20, 2017 @09:29AM
(#14594429)
>Now, policy makers and media often highlight, and some programs are based on, the “core” CPI which excludes food and energy [0], rather than the full CPI
Well, yes. This is how it is
The point where the dodgy part is for example how they do weighting for things like housing rents, their criteria of non-comparable replacements, idea of product classes (an apple is not an inferior version of an apple; a car is a car invariably of it being considered luxury car or not) and so on. The CPI dynamic has real trouble reflecting real consumer spendings.
Well, yes. This is how it is
The point where the dodgy part is for example how they do weighting for things like housing rents, their criteria of non-comparable replacements, idea of product classes (an apple is not an inferior version of an apple; a car is a car invariably of it being considered luxury car or not) and so on. The CPI dynamic has real trouble reflecting real consumer spendings.