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> Consumer price index is probably the most common one and it doesn’t include housing Almost all BLS price indices, including CPI, include housing. (CPI measur
by JumpCrisscross 8mo ago
> Consumer price index is probably the most common one and it doesn’t include housing
Almost all BLS price indices, including CPI, include housing. (CPI measures the “rent of primary residence, owners' equivalent rent, utilities, bedroom furniture” [1].)
[1] https://www.bls.gov/opub/hom/cpi/concepts.htm#the-cpi-as-a-cost-of-living-framework https://www.bls.gov/opub/hom/cpi/concepts.htm#the-cpi-as-a-c...
- dangus 8mo agoServes me right for asking AI. Of course, CPI doesn’t capture whether people have roommates or have made other adjustments to keep their housing costs within income limits.