3 ms·
Isn't it more about shifting what constitutes the CPI? In other words, before computes, 0% of the CPI was from computers. However now, every year going forward,
by redwood 14y ago
Isn't it more about shifting what constitutes the CPI? In other words, before computes, 0% of the CPI was from computers. However now, every year going forward, computers become more and more important as a constituent of the CPI. On the flip side, computers tend to get cheaper. Don't you see potential for creative CPI engineering here? Now don't get be wrong: computers are like food today--quite fundamental. So I understand why they do it. I'm just pointing out that this can lead to the CPI being out of sync with things like food prices. No big deal, it can be so.