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>Don't look at the official numbers. They changed the method of calculating inflation to make it seem lower. Look at reality They change the method, then retro
by hnnewguy 12y ago
>Don't look at the official numbers. They changed the method of calculating inflation to make it seem lower. Look at reality
They change the method, then retroactively recalculate the values, because our basket of consumed goods changes over time.
The way the CPI numbers are calculated are free for anyone to look at, and they closely match the Billion Price Project. There is no conspiracy.
>The economic benefits that have been proposed as a result of this policy haven't appeared
I'm not sure how you can say that. If you ask me, the policy has been successful, despite massive political pushback. Again, that's the tough part of economics; it's very hard to separate all the conflating effects of a specific policy.