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by retcore
1376 days ago
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In the nineties the UK basket of consumer goods used to calculate inflation suddenly included a well specified PC. Not only was this PC a vastly disproportionate weight in the new calculation of deemed essential domestic goods, but strangely the specification never was upgraded and so the effect on calculated inflation was strongly negative. Consider this was masking inflationary signals for well over a decade before ZIRP took over the economy... |
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