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by vkou 22 hours ago
> Yeah it's been gamed for a long time. Did you know teh inflation metric can actually go down when staples it tracks goes up?

I mean, a horse buggy ride has significantly increased in price relative to the 19th century, but if it were tracked as part of a basket of goods, it absolutely makes sense to replace it with the equivalent automobile taxi.

1 comments

Yeah but I'm not arguing it's never necessary to change the weights.

Im saying if steak is in the index and it doubles in price the index should go up (all else being equal).