> So if anything, we should only include interest rates in proportion to how many people are taking out major loans during the sampled period It goes both ways

> So if anything, we should only include interest rates in proportion to how many people are taking out major loans during the sampled period It goes both ways: in that case, we should also discount from CPI calculation the effect of sub-3% mortgages, low/zero interest auto loans, forgiven fraudulent PPP loans, etc.