The Magic Of CPI: Watch How Economists Transform A 400% Price Increase Into A 7.1% Decline

Thursday, November 6, 2014
By Paul Martin

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.

The Rest…HERE

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