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A comment on Why the government took home prices out of its main inflation index. Parent comment

Re:Why the government took home prices out of its main infla... by chii on Friday May 27, 2022 @10:24AM (#31529993)
if they normalized the budget such that extra things not purchased in previous years is not taken into account, it could be used as a personal inflation measure. Normalizing the budget means you remove any life-style creep that gets in.

This way, you can look at your salary, and determine whether you're gaining income above your own inflation, or not.

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Re:Why the government took home prices out of its main infla... by sokoloff on Friday May 27, 2022 @12:23PM (#31531399)
Normalizing the budget that way would seem to be incredibly difficult at a personal level.

If I started buying a better cut of steak or more hamburger and less ramen than last year, would I really be able to tease out that difference without an insane amount of record keeping/data entry?

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