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Is There Any Perilous Component of Inflation Forecasting?
There's very little to go on when it comes to apparel prices. Only about four or five % of the c p i is actually subject to those sorts of conequality adjustments. The b l s will make a big fraction of that kind of treatment, but they don't really mind what we went to unlimited wireless plans two years ago. Ah, you know,those sorts of quality adjustments get a lot of press, but they aren't really in our minds.