3 ms·
The main reason inflation is hard to measure is that it is not uniform and CPI is a poor representation. Even if the basket of goods used for the CPI is level t
by RyanShook 4y ago
The main reason inflation is hard to measure is that it is not uniform and CPI is a poor representation. Even if the basket of goods used for the CPI is level there are many goods not included in CPI that are still increasing in cost. I agree that the CPI number may be optimistic but I think most people and news organizations recognize that CPI is no longer a good measure of inflation.
- the_gastropod 4y agoThe FED hasn't measured inflation by CPI since February 2000.