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<a href="http://www.accessmylibrary.com/coms2/summary_0286-34731798_ITM" title="Facts and information about Dangers of an underreported CPI: changes over the past 40 years to the Consumer Price Index have not only provided a poorer reflection of true consumer costs but have actually harmed our economy.(ECONOMY)">Dangers of an underreported CPI: changes over the past 40 years to the Consumer Price Index have not only provided a poorer reflection of true consumer costs but have actually harmed our economy.(ECONOMY)</a>
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Dangers of an underreported CPI: changes over the past 40 years to the Consumer Price Index have not only provided a poorer reflection of true consumer costs but have actually harmed our economy.(ECONOMY)
The Consumer Price Index (CPI) measures the average price of consumer goods and services purchased by households. The government uses the CPI to "calculate inflation." Changes over the past 40 years to the CPI "to better reflect the actual costs" of goods and services in this country have not only provided a poorer reflection of the true costs but have actually harmed our economy.
While price inflation has been reported at only four percent over the past year, the real increase (as we shall see) is much higher than that. This distortion might not be serious except that the Treasury and the Federal Reserve use the CPI as one of the measures for establishing U.S. ...
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Source: HighBeam Research, Dangers of an underreported CPI: changes over the past 40 years to...