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To 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
by marketgod 8y ago
To 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.