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> Not only wages are stagnant, but the population is under high increases in housing and health care costs, which are not accounted in official inflation. The
by vonmoltke 9y ago
> Not only wages are stagnant, but the population is under high increases in housing and health care costs, which are not accounted in official inflation.
The US CPI does account for those, and the CPI changes are the "official" inflation rate.
- freejulian 9y agoYes, rents are certainly included in CPI. For me, it's more a question of weighting. When it's not uncommon to find people spending 50% of their income on rent, are rents being appropriately weighted in the CPI?