The fed should use a more comprehensive bundle of goods to measure inflation. Home prices, is a good example. Once they do that, inflation numbers will read mu

The fed should use a more comprehensive bundle of goods to measure inflation. Home prices, is a good example. Once they do that, inflation numbers will read much higher. By some accounts, home prices have increased by over 10% since this time last year. A healthy society needs room for social/fiscal mobility, which becomes increasingly difficult when asset prices are inflated relative to median income.