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> inflation as officially measured tends not to include things like housing costs Really? In the US the standard CPI-U basket is 1/3 housing: https://www.bls.
by jefftk 4y ago
> inflation as officially measured tends not to include things like housing costs
Really? In the US the standard CPI-U basket is 1/3 housing: https://www.bls.gov/news.release/cpi.t01.htm https://www.bls.gov/news.release/cpi.t01.htm It's the single largest component.
- hkt 4y agoTIL, that's an intriguing difference. Like I say, CPIH adjusts for this somewhat. It is a problem here because our 2% inflation target doesn't include housing. It also doesn't include the stock market etc, so we push inflation into these areas. Maybe I'm being too British in saying this, but it is a rare occasion when I see the US being more sensible than the UK. This is definitely one of those moments.