Why the government took home prices out of its main inflation index

Re:Why the government took home prices out of its main infla... by axg11 on Friday May 27, 2022 @09:53AM (#31529649)

This would be a cool idea for a service - I would pay for it. Privacy issues aside, it's a shame that transaction data doesn't include itemized information (e.g. grocery bills only show up as one large charge). I'm sure there are many items I regularly purchase that have changed price without me noticing.

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Re:Why the government took home prices out of its main infla... by hattmall on Friday May 27, 2022 @10:33AM (#31530108)

Technically many stores provide level-3 data with cc transactions, which include itemized details, but no idea how a consumer would get it. The exchanges give better rates the more details the merchant provides, level 3 being the highest detail and lowest rates so many of the large merchants provide this data. It's one way they avoid paying sign up bonuses on gift card purchases.

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Re:Why the government took home prices out of its main infla... by notriddle on Friday May 27, 2022 @10:16AM (#31529902)

If you want to include shrinkflation, it’s going to wind up involving a lot of data entry.

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