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From the article they linked to: > But over the same period, the Consumer Price Index for new vehicles – so this is one of the many subcategories of CPI – has
by OscarCunningham 7y ago
From the article they linked to:
> But over the same period, the Consumer Price Index for new vehicles – so this is one of the many subcategories of CPI – has risen only 22%. In fact, it rose 22% from 1990 to 1997, and today is flat with where it had been in 1997.
So inflation only accounts for log(1.22)/log(1.77) = 37% of the price rise.