>In fact, they’ve changed the CPI methodology twice in order to report lower average inflation (under the premise that the old measures “overstated” inflation).
Source?
Source?
But adjusting the basket totally makes sense from a reporting point of view. Consider the reverse. As countries have gotten richer/industrialized, so have their consumption of meats. If a country is undergoing development, should their CPI basket continue to assume that people eat meat once a week, even though most people eat meat multiple times per week?
It'd be nice to be able to afford a home in Vancouver.
Plus no smart phones, good riddance.