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A comment on How Far Does $1 from 1999 Go Today?. Parent comment
* https://www.statcan.gc.ca/en/survey/household/3508
When people change their habits in life the CPI is changed to reflect what that life costs. You can see the list of changes going back to 1913:
* https://www.statcan.gc.ca/en/statistical-programs/document/2...
Do you think coal and lard should be included, like they were pre-1956? Or do you think the CPI should try to model reality?
Here's the current list of products that StatCan used for Canada's CPI as of August 2022:
Reality is messy, and you cannot take all of it into account, and so you create models approximations (cf. [spherical cow](https://en.wikipedia.org/wiki/Spherical_cow)). But in the words of [Alfred Korzybski](https://en.wikipedia.org/wiki/Map–territory_relation):
* [The map is not the territory.](https://en.wikipedia.org/wiki/Map–territory_relation)
* https://fs.blog/map-and-territory/
Or those of statistician George Box:
* [All models are wrong but some are useful.](https://en.wikipedia.org/wiki/All_models_are_wrong)
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* https://www.statcan.gc.ca/en/survey/household/3508
When people change their habits in life the CPI is changed to reflect what that life costs. You can see the list of changes going back to 1913:
* https://www.statcan.gc.ca/en/statistical-programs/document/2...
Do you think coal and lard should be included, like they were pre-1956? Or do you think the CPI should try to model reality?
Here's the current list of products that StatCan used for Canada's CPI as of August 2022:
* https://www.statcan.gc.ca/en/statistical-programs/document/2...
Reality is messy, and you cannot take all of it into account, and so you create models approximations (cf. [spherical cow](https://en.wikipedia.org/wiki/Spherical_cow)). But in the words of [Alfred Korzybski](https://en.wikipedia.org/wiki/Map–territory_relation):
* [The map is not the territory.](https://en.wikipedia.org/wiki/Map–territory_relation)
* https://fs.blog/map-and-territory/
Or those of statistician George Box:
* [All models are wrong but some are useful.](https://en.wikipedia.org/wiki/All_models_are_wrong)