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What? Haven't you been listening to the central banks? Inflation is abysmally low, we gotta pump up prices to get the economy going. With such low inflation, it
by KKKKkkkk1 9y ago
What? Haven't you been listening to the central banks? Inflation is abysmally low, we gotta pump up prices to get the economy going. With such low inflation, it's impossible that housing prices increased 40% within one year. /s
- Joeri 9y agoI don’t think house prices are included in the consumer price index. Most governments tie social security payouts to CPI and are therefore motivated to change the CPI calculation method to minimize the rise. If you dig down into what they actually measure all common economic indicators (GDP, PPP, CPI, ...) are B.S. They’re there to pretend that economics is a science, while in practice it’s more of an art, or a quackery, depending on your disposition.
- lostboys67 9y agoexactly I know the UK government was looking at a CPI+H but it didn't produce the figure they wanted so the ONS was told to go away and try again (source was some one who works for the ONS)