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"Average price data for select utility, automotive fuel, and food items are also available." All of these are commodities. And every single product derived is
by onecooldev24 8y ago
"Average price data for select utility, automotive fuel, and food items are also available."
All of these are commodities. And every single product derived is based on commodity. Most commodities can be traded on commodity markets.
- aarongray 8y agoYes, but all of them being commodities (what I said) is not the same as inflation only being accurate when someone purchases every commodity available in the marketplace (what you said).
- onecooldev24 8y agoThats exactly how asset managers construct a portfolio thats suppose to track inflation.
- aarongray 8y agoInflation of a portfolio of iPhones is completely different than inflation that an average American pays due to cost of living changes in the economy. You're cherrypicking a hypothetical scenario that doesn't apply at all to the example at hand, which is the average person's ability to pay for emergencies that arise related to living expenses.
- onecooldev24 8y agoAll I am saying is that $400 in 2013 is not worth $430 today, Its wort a LOT MORE! Stop arguing like a idiot.
- onecooldev24 8y agodoesnt this look like the chart of CPI https://finance.yahoo.com/chart/DBC https://finance.yahoo.com/chart/DBC https://www.bls.gov/charts/consumer-price-index/consumer-price-index-by-category-line-chart.htm https://www.bls.gov/charts/consumer-price-index/consumer-pri...