3 ms·
> I’ve had a gripe with “basket of goods” approach. Does a household really care that much if the game of clue is 10% cheaper in 2025? The game of Clue, and ot
by throw0101d 9mo ago
> I’ve had a gripe with “basket of goods” approach. Does a household really care that much if the game of clue is 10% cheaper in 2025?
The game of Clue, and other games/toys, are in basket of goods because on average Americans spend some portion of their income per surveys:
* https://www.bls.gov/respondents/cpi/ https://www.bls.gov/respondents/cpi/
The CPI published (and in headlines) isn't about your personal spending, but the spending on average spread over millions of people/households. The CPI is a model of reality, and so pointing to a particular instantiation of consumer will not match exactly:
* https://en.wikipedia.org/wiki/All_models_are_wrong https://en.wikipedia.org/wiki/All_models_are_wrong