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A comment on Consumer prices increase 2.6 percent. Parent comment

Re:Consumer prices increase 2.6 percent by katmannthree on Tuesday May 11, 2021 @06:17PM (#27124292)
The greater point is that the cost of essentials has skyrocketed but the effect is hidden in official inflation metrics because they include a large number of nonessential items such as utility-adjusted television prices.
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Re:Consumer prices increase 2.6 percent by bcrosby95 on Tuesday May 11, 2021 @06:40PM (#27124500)
Yeah, I can buy cheap 55 inch tvs for days. But my family's health insurance is still $36k/year (and regularly going up). I guess that can buy me about 75 55 inch tvs though, maybe I should spend it on that instead.
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Re:Consumer prices increase 2.6 percent by gruez on Tuesday May 11, 2021 @07:09PM (#27124770)
A large number perhaps, but the weight assigned to them is low. Food, housing, and transportation makes up 72.77% of the CPI, whereas televisions only make up 0.091% of the CPI.
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