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By 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.
by naasking 4y ago
By 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.