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Gasoline prices aren't a good indicator of cost of living. They are a factor to be sure, but their prices are too overwhelmed by political policy (ie gasoline
by InnocentB 15y ago
Gasoline prices aren't a good indicator of cost of living. They are a factor to be sure, but their prices are too overwhelmed by political policy (ie gasoline taxes) compared with other expenses, which introduces too much noise into the data.
- michael_dorfman 15y agoIt was just an example; food is equally expensive, and many consumer goods are roughly double the US equivalent price.