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The government has perverse incentives to keep it low and close to the same. The way the CPI is calculated has changed dozes of times in the last 30 years. Like
by snarf21 5y ago
The government has perverse incentives to keep it low and close to the same. The way the CPI is calculated has changed dozes of times in the last 30 years. Like you said, if you at food, healthcare, education, etc., they are up way more than 3% year over year.
- u320 5y ago> Like you said, if you at food, healthcare, education, etc., they are up way more than 3% year over year. That's how averages work
- katmannthree 5y agoThe greater point is that the cost of essentials has skyrocketed but the effect is hidden in official inflation metrics because they include a large number of nonessential items such as utility-adjusted television prices.
- bcrosby95 5y agoYeah, I can buy cheap 55 inch tvs for days. But my family's health insurance is still $36k/year (and regularly going up). I guess that can buy me about 75 55 inch tvs though, maybe I should spend it on that instead.
- gruez 5y agoA large number perhaps, but the weight assigned to them is low. Food, housing, and transportation makes up 72.77% of the CPI, whereas televisions only make up 0.091% of the CPI.
- deleted 5y ago[deleted]