Re:How shrinkflation is playing havoc with economists’ models
by unimployed on Saturday August 10, 2019 @11:21PM
(#20666013)
And still, we need to have accurate pricing data (reflecting quality and content) if we want to make accurate macroeconomic decisions in a modern age where the historical understanding of inflation and full employment appears to be broken, among other concerns your bum and most bums could appreciate—like the immediate effects of technological change and automation pertaining to your job or UBI... that gives your bum a cozy chair to sit in.
CPI has to bridge both cheeks: it has to reflect what one person can relate to and what entire nations actually do.