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> They do it in the open Then please point me at the methodological changes done by these government in the last 1-2 years that were specifically designed to
by panick21_ 4y ago
> They do it in the open
Then please point me at the methodological changes done by these government in the last 1-2 years that were specifically designed to hide higher inflation.
> "Some critics view the methodological changes and the switch from a cost of goods index (COGI) to a cost of living index (COLI) as a purposeful manipulation that allows the U.S. government to report a lower CPI."
Can this pattern be shown to always lower CPI and can they show that all western governments have enacted the same changes?
And such a methodology would maybe work over a long time-span, it could not be used to hide 1 years high inflation.
CPI is just a dumb and useless measure all together. It really should have no relevance to economic discussion. For macro economic analysis of any kind, the GDP deflator is to be preferred.
> People want a way to quantify how much harder it is to establish a good life with their earnings.
That is a wrong way of thinking about any inflation measure.
> And I don't think the government is being honest about that. Maybe it's too much to ask.
Not sure what honest means here. I don't think the government states anywhere that CPI is some magical measure of 'how easy it is to establishing a good life'.