That’s because consumer inflation is subjective. You can choose which goods and data point represent personal experience.
As you well know the government uses “hedonic adjustment” which is when they say a car in 2025 is so much better that a car in 1980 that higher prices should be reduced to reflect that better good.
A different model is that you need A car to participate in society so even if it’s better we just raised to the cost to exist.
As you well know the government uses “hedonic adjustment” which is when they say a car in 2025 is so much better that a car in 1980 that higher prices should be reduced to reflect that better good.
A different model is that you need A car to participate in society so even if it’s better we just raised to the cost to exist.