▲ | monkeyelite 6 days ago | |
That’s because consumer inflation is subjective. You can choose which goods and data point represent personal experience. As you well know the government uses “hedonic adjustment” which is when they say a car in 2025 is so much better that a car in 1980 that higher prices should be reduced to reflect that better good. A different model is that you need A car to participate in society so even if it’s better we just raised to the cost to exist. |