4 ms·
They use 12 months because some of the indicators lag by many months. Some data is only generated quarterly or biannually so looking at a smaller timeline would
by sudden_dystopia 4y ago
They use 12 months because some of the indicators lag by many months. Some data is only generated quarterly or biannually so looking at a smaller timeline wouldn’t really be helpful. The real issue is that CPI is not a poor metric anyway. It was watered down in the 80’s for political purposes to make them look better(on both sides, not one party or the other). Quite frankly, I don’t trust CPI. In my opinion, the best metric for inflation is your eyes vs the rate of change in prices. If you notice several price increases over a span of several weeks, inflation is a problem.
- merely-unlikely 4y agoChipotle is my anecdotal barometer. The first burrito I bought a decade ago was ~$7. Last week it was almost $20.
- itake 4y agoHow? Chicken burrito with no extras is like $9.50 in Seattle post tax
- genghisjahn 4y agoWell, a decade ago you didn't order the burrito and have it delivered with Uber eats.
- icedchai 4y agoI use a "large pizza", myself (3 toppings, if you wanna get specific.) It used to be ~$20, now it's ~$30.
- galdosdi 4y agoI bought a Chipotle burrito for about $9 or $10 just a couple months ago. I live in a major east coast city. What do you do, ask for every damn topping, triple avocado, etc? BTW, fast food prices have inflated much faster than grocery store food, because labor has inflated more. So the lazier you are about cooking, the more this will impact you. But for those who mostly buy non processed foods and cook them at home, and vary their diet seasonally, using the produce that's currently on sale, it's been a pretty tiny impact over the last couple years in the food category.