The Magic Of CPI: Watch How Economists Transform A 400% Price Increase Into A 7.1% Decline
by Tyler Durden
ZeroHedge.com
11/06/2014
Confused how your cost of living increase is always orders of magnitude above the “inflation” reported by the BLS’ Consumer Price Index? Then prepare for your daily dose of Keynesian epiphany, with this step by step guide from the BLS of how to use the Hedonic Quality Adjustment to turn a 400% price increase into a 7.1% decline.
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