3 ms·
> I am wondering what is the current stat of the art to capture such hidden inflation The Fed's measure of inflation is supposed to include this.
by onlyrealcuzzo 4y ago
> I am wondering what is the current stat of the art to capture such hidden inflation
The Fed's measure of inflation is supposed to include this.
- ak_111 4y agohow do they track/quantify decline in service quality as in the two scenarios I mentioned (restaurant cleaning less?)
- gruez 4y agoexample: https://www.bls.gov/cpi/quality-adjustment/new-vehicles.pdf https://www.bls.gov/cpi/quality-adjustment/new-vehicles.pdf Also, it's not active for all categories. In the restaurant example from the parent post, it wouldn't be counted because that category has no quality adjustment applied. https://www.bls.gov/cpi/quality-adjustment/ https://www.bls.gov/cpi/quality-adjustment/