5min chapter

Odd Lots cover image

Omair Sharif Explains How Inflation Measures Really Work

Odd Lots

CHAPTER

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.

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