2 ms·
The data shows that inflation inclusive of housing, education, and healthcare isn't that much higher than CPI, which is because CPI already includes shelter, wh
by ch4s3 3mo ago
The data shows that inflation inclusive of housing, education, and healthcare isn't that much higher than CPI, which is because CPI already includes shelter, which accounts for ~36% of CPI.
You assertion that CPI doesn't include housing is just wrong.
- nixon_why69 3mo agoI'm not asserting they don't include housing. I'm saying housing is non-optional, so having low inflation on flat screen TVs is cold comfort if you're struggling to pay rent. The basket of goods isn't the same for everyone. It's been like 5 years now of low consumer sentiment and increasing consumer debt while people who don't feel it are flabbergasted, the top line CPI number is fine, why aren't people happy?
- ch4s3 3mo ago> I'm saying housing is non-optional, so having low inflation on flat screen TVs is cold comfort if you're struggling to pay rent. You're missing the point, rest is included in that top line low inflation number. > the top line CPI number is fine, why aren't people happy? secular stagnation? Cultural malaise? Expectations formed by ZIRP.