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by bob33212 1974 days ago
Inflation is intended to measure middle class distress. If gas/food/rent goes up people making under 50k can fall into poverty and bankruptcy. If GME goes up to $2000 the middle class isn't hurt much at all. Just a few hundred or few thousand people get rich.
1 comments

Inflation has many measures. Household inflation is one of them, but there are many others, and using one measure (e.g. CPI) for measuring all inflation is problematic.