Elroy, RE: "The CPI core rate, which excludes energy and food prices – like any of us can go without gasoline or food "
Why do they exclude food and energy, the two most important items?
They don't even count real real estate inflation in the CPI, because they reportedly use deflated rental prices, and then call the real estate boom an "investment", not inflation. Last I checked, new hires called the real estate prices a shocking cost.
Not sure why AG is so keen on ignoring real estate inflation. While it's an investment growth a previous owner appreciated, it's a cost to the new hire. Completely disagree with how they exclude real estate inflation from their figures. It actually allows the govt to come up with statistics that hides one of the problems. Bad statistics, means root issues aren't being addressed.
Who do they make these numbers for anyway?
Is there any statistic (created outside the govt) that one can use instead, for measuring inflation? Serious question. What's the best way to keep an eye on inflation? Money Supply, gas prices, food prices, real estate prices? Is there any inflation statistic that a person could use (rather than hunting down each of these numbers separately, which is what a person has to do nowadays since CPI apparently isn't a reliable measure of inflation.)
Regards,
Amy J |
