The most accurate yardstick of inflation is the GDP deflator (which includes the prices of capital goods and export and import prices). Regrettably, it is rarely used or mentioned in public.
The Consumer Price Index is not the same as the Living Expenditures Index.
The Living Expenditures Index measures the changes in the prices of the […]
Entries Tagged as 'Economy'
Miscalculating Inflation
April 3rd, 2008 No Comments
Tags: Miscalculating Inflation