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A comment on US Series I Savings Bonds Now Yielding 7.12%. Parent comment

Re:US Series I Savings Bonds Now Yielding 7.12% by medvezhenok on Monday November 01, 2021 @03:40PM (#29071924)
Note that how we calculate inflation has actually changed since the Carter Years - most importantly the substitution of housing in the inflation basket with OER (owner-equivalent rent).

If we had the previous inflation measure (same as 1970s), CPI would be closer to double digits now (because of housing appreciation over the last year).

https://www.wsj.com/articles/inflation-numbers-1970s-cpi-hou...

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Re:US Series I Savings Bonds Now Yielding 7.12% by newacct583 on Monday November 01, 2021 @05:08PM (#29073130)
True enough, though if the modern real estate market had existed in the 70's then "inflation" would have been something closer to 30-40%.

Like it or not "home values" decoupled from "housing costs" over the past two decades. The reason for that metric change was to preserve equivalency, you don't get to argue backwards because of it.

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