News for hackers. Stuff that matters.

A comment on Americans are spending less on clothing. Parent comment

Re:Americans are spending less on clothing by vonmoltke on Wednesday February 07, 2018 @12:39PM (#16326331)
> Not only wages are stagnant, but the population is under high increases in housing and health care costs, which are not accounted in official inflation.

The US CPI does account for those, and the CPI changes are the "official" inflation rate.

[ Parent | on HN ]
Re:Americans are spending less on clothing by freejulian on Wednesday February 07, 2018 @12:53PM (#16326456)
Yes, rents are certainly included in CPI. For me, it's more a question of weighting. When it's not uncommon to find people spending 50% of their income on rent, are rents being appropriately weighted in the CPI?
[ Parent | on HN ]