notices - See details
Notices
GS
Greg Sommer (not verified)
27th April 2021 | 7:51pm

Agree CPI is a bad measure of inflation. Hedonic adjustments skews CPI lower than the actual costs of the goods being measured. For example a Toyota Camry price hasn’t increased in 15yrs in CPI terms but has increased substantially in absolute price.

Inflation is also very different for baby boomers who mainly own their homes & get a wealth tailwind from currency debasement vs millennials & younger who have to deal with housing prices up 2-3x in 10 yrs.