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A comment on It’s mostly a demand shock, not a supply shock, and it’s everywhere. Parent comment

Re:It’s mostly a demand shock, not a supply shock, and it’s ... by nbardy on Monday November 08, 2021 @10:18PM (#29157319)
You should take a look at Pia Maloney and Eric Weinstein work.

CPI is broken because it doesn't factor in a "change in taste or prefence"

CPI treats individuals as a giant unmovimg population mean.

To counter they change to use vector fields.

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Re:It’s mostly a demand shock, not a supply shock, and it’s ... by xadhominemx on Monday November 08, 2021 @10:39PM (#29157441)
Of course preference is included in CPI. Weightings are adjusted periodically as consumer spending patterns shift, and price elasticity is explicitly factored on a quarterly basis in chained cpi
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