2 ms·
Actually the CPI is weighted. You can find the weights here [1]. Note that the weight for housing is much, much higher than the weights for food and energy cos
by junofan 4y ago
Actually the CPI is weighted. You can find the weights here [1].
Note that the weight for housing is much, much higher than the weights for food and energy costs. That plus historically high levels of inflation in housing means that housing is a big driver of inflation.
[1]: https://www.bls.gov/cpi/tables/relative-importance/home.htm https://www.bls.gov/cpi/tables/relative-importance/home.htm
- s1artibartfast 4y ago6.6% for housing is less than the 8.2% total average so it will always pull the average down. This is true no matter what the weighting is. Total Inflation would be even worse if you weighted housing less.