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If they really want something to question it should be how inflation is calculated. Almost everything is going up in price and it doesn't seem to reflect in the
by hanniabu 6y ago
If they really want something to question it should be how inflation is calculated. Almost everything is going up in price and it doesn't seem to reflect in the inflation. How it's calculated really needs to be revisited and modernized.
- Red_Leaves_Flyy 6y agoThat's a cost of living index. Switching from COGI to COLI would be fraught with political nooses for a politician to hang themself with. If the switch were to happen poor people might take more notice of how badly they're being taken advantage of by the Company Store known as the stock market when they can point to the cost of living index and ask why the COLI went up 30% and they got a 0.5% raise.
- engineer_22 6y agoWhat is COGI?
- hanniabu 6y agoCost of goods index
- gruez 6y ago>If they really want something to question it should be how inflation is calculated. Almost everything is going up in price and it doesn't seem to reflect in the inflation. Or maybe there's section bias going on? ie. everything you're worried about is going up in price.
- idiotsecant 6y agoThere is unquestionably a huge amount of inflation in the things the upper classes spent money on - real estate, investments, etc. This seems to me to be indicative of a lot of upper class people benefitting from the upward redistribution of wealth that has been ongoing for the last 25 years.
- LorenPechtel 6y agoThe impression I get is that it's not things going up in price, but that sales are much less common. For the person who watches for sales this matters, but the inflation rate isn't calculated that way.