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The weighting applied to housing, healthcare, and tuition appears to be nonsensically low compared to the fraction of income most people spend on them. Though
by opencl 7y ago
The weighting applied to housing, healthcare, and tuition appears to be nonsensically low compared to the fraction of income most people spend on them.
Though to be fair CPI is computed nationally and things like housing prices are so localized that it's impossible to come up with a number that makes sense across the whole country anyway.
- JumpCrisscross 7y ago> CPI is computed nationally There are CPIs calculated for each metropolitan area. When I'm considering my savings, for instance, I look at New York-Newark-Jersey City, NY-NJ-PA [1] and New York-Newark-Jersey City [2] statistics. National CPI is useful if you're planning policy. Local CPI is better for individual planning. [1] https://fred.stlouisfed.org/series/CUURA101SA0 https://fred.stlouisfed.org/series/CUURA101SA0 [2] https://www.bls.gov/regions/new-york-new-jersey/news-release/ConsumerPriceIndex_NewYorkArea.htm https://www.bls.gov/regions/new-york-new-jersey/news-release...