4 ms·
I don't believe new or used vehicle purchases qualify for hedonic adjustments. https://www.bls.gov/cpi/quality-adjustment/home.htm https://www.bls.gov/cpi/qual
by standeven 5y ago
I don't believe new or used vehicle purchases qualify for hedonic adjustments.
https://www.bls.gov/cpi/quality-adjustment/home.htm https://www.bls.gov/cpi/quality-adjustment/home.htm
- nimos 5y agoCars fall under cost based adjustments. This is the most recent (AFAIK) document the BLS has published: https://www.bls.gov/cpi/quality-adjustment/new-vehicles.pdf https://www.bls.gov/cpi/quality-adjustment/new-vehicles.pdf It's not entirely an unfair point in the sense clearly a modern car with modern safety and electronics costs more to produce (hence the cost basis). But as far as I know the BLS is basically given free reign to invent the cost basis.