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by another_comment 1923 days ago
>> how exactly do you propose the CPI is manipulated

One way is OER, aka Owners Equivalent Rent. Great article https://wolfstreet.com/2021/03/11/house-price-inflation-in-c... (look at that graph half way down).

Another way is "hedonic adjustments". https://www.economicshelp.org/blog/603/inflation/hedonics-an...

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How Owners Equivalent Rent is calculated: https://www.bls.gov/cpi/factsheets/owners-equivalent-rent-an...