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Housing and health expenditure are listed as components of the CPI [0], so it's almost certain that they're included in its calculation. Again, inflation means
by lottin 6y ago
Housing and health expenditure are listed as components of the CPI [0], so it's almost certain that they're included in its calculation.
Again, inflation means an increase in the general price level. An increase in the price of bread is not inflation, because the price of bread is not the price level. It can be used as a data point to try to estimate a change in the price level, but by itself it doesn't tell us anything about the inflation rate (unless of course bread is the only good being produced in the economy).
[0] https://www.bls.gov/cpi/tables/relative-importance/2020.htm https://www.bls.gov/cpi/tables/relative-importance/2020.htm