> The true increase in the cost of living is much higher than the official CPI.
There's a decent argument that it's slightly higher, especially when you talk about the minimum cost at the low end, because of hedonic adjustments included in the CPI.
There's not, that I've seen, a good argument that it is “much higher”.
> CPI is nearly completely worthless for identifying inflation in the cost of living
This claims is desperately in need of supporting evidence or at least argumentation.
There's a decent argument that it's slightly higher, especially when you talk about the minimum cost at the low end, because of hedonic adjustments included in the CPI.
There's not, that I've seen, a good argument that it is “much higher”.
> CPI is nearly completely worthless for identifying inflation in the cost of living
This claims is desperately in need of supporting evidence or at least argumentation.