8 ms·
Doesn’t the most often used form cpi exclude food and housing? I’ve always disliked this, but shocks to those markets keep them excluded.
by gpapilion 5y ago
Doesn’t the most often used form cpi exclude food and housing?
I’ve always disliked this, but shocks to those markets keep them excluded.
- nuerow 5y ago> Doesn’t the most often used form cpi exclude food and housing? No, it doesn't. In the US, the US Bureau of Labor Statistics explicitly includes food and rent in it's CPI. https://www.bls.gov/cpi/overview.htm https://www.bls.gov/cpi/overview.htm
- JamesBarney 5y agoIt includes food and housing/shelter. But it's important to distinguish between a house and housing. A house is a capital good that provides housing/shelter. So if the prices of houses got really expensive but rent stayed the same that wouldn't show up as inflation.