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How Much Does Your Interpretation Depend on the Metric That You're Looking At?
There's probably dozens of different measures of inflation that are based on hundreds, if not thousands, of different baskets. How do people go about choosing which measure is most relevant in a particular time? I think they 're basely two main measures, is the way that i really look at it. If you're the fed, they've already made that decision for us. We don't want anything to do with house prices because we're trying to measure what you pay out pocket as a consumer.