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< Back to question Is inflation understated? Show more Show less

The Consumer Price Index is a measure of the change in prices consumers pay for different goods over time. This index is often used as a benchmark for inflation. However, the inflation levels the Consumer Price Index suggests are not without controversy. Often inflation is accused of being overstated or understated. So what is the truth? And why would it be either?

Yes, inflation is understated Show more Show less

The government has a vested interest in inflation being understated, and the data it is based on it largely theoretical.
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Inflation is multi-dimensional.

Representative basket of goods varies by geography and income bracket. There should be thus multiple inflation numbers reflecting this.
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    This page was last edited on Tuesday, 28 Jan 2020 at 14:42 UTC

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