2 ms·
> Real inflation is also about double the rate of the official numbers IMHO, It’s funny that one reason CPI hasn’t increased as fast as nominal prices in some
by ffhhttt 3y ago
> Real inflation is also about double the rate of the official numbers IMHO,
It’s funny that one reason CPI hasn’t increased as fast as nominal prices in some cases is because it also factors in the quality of goods.
e.g. modern cars are more expensive but also significantly better (they both have more features and last longer) I think this applies to a whole bunch of other products too.. I don’t know how accurate it is though, guess it depends on user preferences.