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Inflation as People Experience It and as Economists Measure It

Suppose that the average amount that people paid for their rent or mortgage fell by 10 percent, but our index for shelter costs in the Consumer Price Index (CPI) jumped by the same amount. That may sound nutty, but given the way we measure inflation, t…

Suppose that the average amount that people paid for their rent or mortgage fell by 10 percent, but our index for shelter costs in the Consumer Price Index (CPI) jumped by the same amount. That may sound nutty, but given the way we measure inflation, that sort of story is possible, even if the size More

The post Inflation as People Experience It and as Economists Measure It appeared first on CounterPunch.org.


This content originally appeared on CounterPunch.org and was authored by Dean Baker.


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