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The big difference people need to understand is between "core" inflation, and consumer price index, and whether that index includes super volatile items like fo
by motohagiography 6y ago
The big difference people need to understand is between "core" inflation, and consumer price index, and whether that index includes super volatile items like food and fuel, and how they are weighted. It's one of those torturing data until it gives you the policy you want exercises.
You can make inflation say whatever you want it to say with selected goods and index weighting, so I don't get into arguments about it because it's mainly an obfuscation proxy for ideological conflicts.