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I am not familiar with the methodology of reporting inflation used in the 80s - did they take a wider basket of goods, or were there other consumer purchases in
by NickC25 3y ago
I am not familiar with the methodology of reporting inflation used in the 80s - did they take a wider basket of goods, or were there other consumer purchases in question that would affect the reporting number? If we were to use the 80s methodology - what would inflation numbers look like?
- torial 3y agoShadow Stats has a chart showing the differences between both 80s and 90s methodologies and current: https://www.shadowstats.com/alternate_data/inflation-charts https://www.shadowstats.com/alternate_data/inflation-charts
- cheriot 3y agoShadow Stats is tin foil hat style economics. Price level measurement is complex and there are worthwhile debates, but this is not that.
- itsoktocry 3y ago>Shadow Stats Look at that first chart. He literally just adds a constant to the CPI data.