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> They tell you exactly what they are buying and do, in fact, adjust for qualitative differences like reduced service at a hotel. The original point in this th
by tharne 5y ago
> They tell you exactly what they are buying and do, in fact, adjust for qualitative differences like reduced service at a hotel.
The original point in this thread was that it's laughable to do this to tenth of percent or more, when as you and others freely point out that a lot of this is qualitative and not quantitative.
- dghlsakjg 5y agoAgain, go read the methodology. If I buy figure out the cost to obtain 100 grams of Cheetos at ten convenience stores in urban areas I can very much tell you the price change with two significant digits. We get it, you don’t like the way they measure inflation. But the CPI is not some hand wavy number, and your comments across this thread indicate that you also don’t understand what it is and how it is derived.