4 ms·
But how are you going to compare prices between two periods if you don't include the same items in the "market basket"?
by geysersam 4y ago
But how are you going to compare prices between two periods if you don't include the same items in the "market basket"?
- naasking 4y agoBy comparing median total living costs to reflect what's typical. A cell phone and computer are indispensable today, a land line not so much, for instance.
- geysersam 4y agoWith that definition, won't you conflate inflation with changes to income distribution and economic growth? Having a 2% inflation target would in practice mean having a target for median living cost increase.