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Ok, but inflation is not cost-of-living and the CPI doesn't measure either of those directly. Its often convenient for government to conflate the two; cost-of-
by dbsights 3y ago
Ok, but inflation is not cost-of-living and the CPI doesn't measure either of those directly.
Its often convenient for government to conflate the two; cost-of-living is a very flexible concept and so there are lots of way to get an answer you like, but they are distinct concepts.
Surely you can understand why a changing basket of goods makes for deceptive year-to-year comparisons.