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by notahacker
2402 days ago
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The CPI does normalize. There's a hedonic adjustment model which takes into account everything from TV screen sizes and types to sleeve lengths.
https://www.bls.gov/cpi/quality-adjustment/questions-and-ans... It isn't perfect - arguably there is no such thing as a perfect way of capturing the differences between changes in what's available and what's expected over time with respect to things like CRT vs LCD monitors - but portion sizes are relatively simple for adjustment |
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