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CPI is based on prices such as these, so it provides no useful signal.
by dingaling 24d ago
CPI is based on prices such as these, so it provides no useful signal.
- ahmedfromtunis 24d agoAre you saying that a single data point contains the same amount of information as a dataset of hundreds if not thousands of entries from across the economy?
- HDThoreaun 24d agoCompletely wrong. CPI is based on the prices of all things people buy. Comparing inflation in one sector to inflation in the whole economy is a very useful signal.