Those numbers aren’t going to falsify themselves
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To be honest, I am not familiar with the "Consumer Expenditure Data" information and how it has been used in the past.
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They look at what people actually spend money on to see how to weight the various items to come up with a total inflation score.
For example, beef is up 20% or something. How big an effect should that have on the general inflation number? Depends on how much it features in the average American’s grocery bill.
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They look at what people actually spend money on to see how to weight the various items to come up with a total inflation score.
For example, beef is up 20% or something. How big an effect should that have on the general inflation number? Depends on how much it features in the average American’s grocery bill.
@jon-nyc thanks!!
