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by caymanjim
1541 days ago
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When people refer to "inflation" without any additional modifiers, they're generally referring to the Consumer Price Index numbers released by the government. When the news reports that "inflation is at a 40 year high" or "inflation is at 6%", that is based on the CPI. The CPI does not include housing costs. The most visible single component of the CPI for most people is the cost of gasoline. That's the only thing that I've personally noticed costing more. |
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You can see more here: https://www.bls.gov/news.release/cpi.t01.htm