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But what if food goes up by 2% and cars/lumber go up by 50%? In that case will you still exclude the cars and lumber?
by UncleMeat 4y ago
But what if food goes up by 2% and cars/lumber go up by 50%? In that case will you still exclude the cars and lumber?
- Am4TIfIsER0ppos 4y agoYes and yes. Lumber will come back around into people's expenses for shelter. Cars are harder to justify leaving out.
- candiodari 4y agoBut these people are largely hired and paid for by the government. The government, who has to pay extra if inflation goes up (esp. in Europe). Obviously they have a preference for lower inflation. (and frankly, to a small extent their argument is valid. If everyone switches from Coca-Cola to Pepsi, even if they do so because it's cheaper, then Coca-Cola has no place anymore in an inflation index. Prices are meant to affect buying behaviour and products must be allowed to replace each other)
- lm28469 4y agoLet's talk about that when it happens, I feel like it's not a very realistic scenario
- UncleMeat 4y agoLiterally last fall.