They run about 50% of reality and that compounds to make the official numbers even less accurate over time. For example ground beef now costs $19/kg CND when in 2015 it was $8. The official numbers show a 22% inflation of beef over 10 years. While the instore price is more than 100%.
>>62556804No. There are various ways to manipulate the numbers to get them lower. The worst sinner is hedonic quality adjustment. The second worst sinner is how they remove items from the basket of goods used to measure CPI when external factors make the prices rise more than the other items, but when it's the opposite and external factors make the items lower in price, they usually keep them in the basket.
>>62556878>hedonic quality adjustmentIs this the one where they consider inflation 0% when product A goes from 10 to 20, product B from 5 to 10, and people stop buying product A in favour of B?Because this happens for real and it's the most jewish thing i've ever seen
>>62557882No, it's where your phone goes from $500 to $600, but because the camera has 10 more megapixels, the 20% increase in price counts as 0% inflation
No but the market reacts to them as if they're real
>>62556842>ground beef now costs $19/kg CND when in 2015 it was $8That's 8% per year.
>>62557924So what. You can eat a beef only diet for less than $8 a day, about $15 minutes work you lazy shit
