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To: long-gone who wrote (28530)2/19/1999 12:14:00 AM
From: PaulM  Read Replies (5) | Respond to of 116893
 
US Set to Revamp CPI

"The change will better capture consumers' tendency to insulate themselves from inflation by switching to lower-priced goods, such as red grapes instead of green ones when red grapes go on sale...."

biz.yahoo.com

Richard, that's one way of controlling inflation, change the definition. Nowadays if you realize that the only way to measure inflation--the change in purchasing power of money--is to measure the dollar against a FIXED basket of goods and services, you're apparently ahead of tons of nobel prize winning economists.

Effectively, the government is saying that it will measure inflation by including or excluding goods, depending on which is going up.