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by vkou
22 hours ago
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> 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. |
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Im saying if steak is in the index and it doubles in price the index should go up (all else being equal).