Skimpflation: A reason inflation is worse than the government says it is

Re:Skimpflation: A reason inflation is worse than the govern... by christophilus on Monday November 01, 2021 @07:25AM (#29065327)

> McDonalds is famous for catering it's menu and service to it's locale.

Hence, it’s a non standard product, and a pretty dumb basis for an index.

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Re:Skimpflation: A reason inflation is worse than the govern... by goodcanadian on Monday November 01, 2021 @08:23AM (#29065778)

It was never intended to be taken seriously. The reason that it is taken somewhat seriously is because it turns out to be a much more reliable indicator than you might naively expect. That said, no one truly relies on it for anything more than a rough indication.

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Re:Skimpflation: A reason inflation is worse than the govern... by taylorius on Monday November 01, 2021 @08:47AM (#29066037)

Dumb compared to what? A basket of goods curated by a government who have a vested interest in getting certain numbers out of the formula?

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