Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: KyrosL who wrote (16546)	3/8/2002 4:29:28 PM
From: JBTFD	Read Replies (1) of 74559

I think the use of hedonics is growing. In the CPI hedonics was introduced in the index for homeowners and homeowners rent equivalent in 1987. In 1991 they introduced apparel. The computer index started using hedonics in 1988. TV index in 1999. Since then hedonics have been introduced for the indexes of audio equipment, camcorders, college textbooks, clothes washers and dryers, DVD players, microwave ovens, refrigerators and video cassette recorders. While I understand the underlying argument about factoring in the change in quality of items in the CPI, I am noticing that every adjustment they make serves to lower the rate of inflation stated by the CPI. I guess I am suspicious of a bias. And they are not providing me with any information to prove myself incorrect.

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