3 ms·
That feeling you are describing happens everywhere. In the US, inflation is usually tracked by the CPI [0], which uses the average monthly price of a market bas
by gusmd 11y ago
That feeling you are describing happens everywhere. In the US, inflation is usually tracked by the CPI [0], which uses the average monthly price of a market basket [1].
The tricky thing is in finding the correct weights of each item in the basket as to be representative. As you can imagine, different people shop differently, so won't experience the same inflation.
[0] http://en.wikipedia.org/wiki/United_States_Consumer_Price_Index http://en.wikipedia.org/wiki/United_States_Consumer_Price_In...
[1] http://en.wikipedia.org/wiki/Market_basket http://en.wikipedia.org/wiki/Market_basket