4 ms·
1) TIPS inflation isn't solely to cover state of California only. It is a nation-wide average. 2) Your main expense categories are just a subset of consumer ex
by okaycan 8y ago
1) TIPS inflation isn't solely to cover state of California only. It is a nation-wide average.
2) Your main expense categories are just a subset of consumer expenditure that the bureau of labor statistics use to measure price levels of goods and services.[1]
https://www.bls.gov/news.release/pdf/cesan.pdf https://www.bls.gov/news.release/pdf/cesan.pdf
- marketgod 8y agoTo add to this, your personal inflation rate will be larger because the CPI takes into consideration a similar item. So when the economy is good, a kraft dinner is replaced with a steak dinner, when the economy drops, the opposite is done. So you pay not see the inflation rate change in your daily expenses.