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The biggest lie of inflation numbers is that housing costs are explicitly excluded, but rent and mortgage are massive parts of most people's cost of living. Ed
by mcv 4y ago
The biggest lie of inflation numbers is that housing costs are explicitly excluded, but rent and mortgage are massive parts of most people's cost of living.
Edit: I notice this article actually does include rent (but not the cost of buying a house), but from what I understand, it's usually excluded. Including rent but excluding purchase price is also weird.
- jeffbee 4y agoHousing is definitely not excluded from CPI-U. It's right there in the second paragraph.