| ▲ | chromatin 4 hours ago | |
I disagree and think GP poster is right on the money. There are many ways in which inflation numbers are cooked; just one of them is the hedonic adjustment [1]. Others include an un-representative basket of goods. The basket of goods is adjusted every 2 years, but not necessarily in a way that mirrors the way real households adapt their spending patterns to increased prices. Owner equivalent rent (LOL) massively lags behind home prices. Honestly, when 10s or hundreds of millions of people's perception does not match *Official Government Numbers*, then it's reason to suspect that the official numbers are a poor metric. | ||