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A comment on Skimpflation: A reason inflation is worse than the government says it is. Parent comment

Re:Skimpflation: A reason inflation is worse than the govern... by gpapilion on Monday November 01, 2021 @02:20AM (#29063554)
Doesn’t the most often used form cpi exclude food and housing?

I’ve always disliked this, but shocks to those markets keep them excluded.

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Re:Skimpflation: A reason inflation is worse than the govern... by JamesBarney on Monday November 01, 2021 @02:51AM (#29063731)
It includes food and housing/shelter.

But it's important to distinguish between a house and housing.

A house is a capital good that provides housing/shelter. So if the prices of houses got really expensive but rent stayed the same that wouldn't show up as inflation.

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Re:Skimpflation: A reason inflation is worse than the govern... by nuerow on Monday November 01, 2021 @03:04AM (#29063789)
> Doesn’t the most often used form cpi exclude food and housing?

No, it doesn't. In the US, the US Bureau of Labor Statistics explicitly includes food and rent in it's CPI.

https://www.bls.gov/cpi/overview.htm

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