Chapter
The Fallacy of Government-Issued Inflation Measures
21:07 - 26:50 (05:42)
The conventional approach of equating inflation to government issued CPI, PCE, or PPI measure is flawed. The rate of increase in the price of a market basket of consumer products defined by a government agency does not truly reflect the actual inflation rate.
Clips
Measuring inflation using a weighted basket of products or services yields various results and can be manipulated to fit economic agendas, leading to an inaccurate portrayal of the true rate of increase in prices.
21:07 - 26:50 (05:42)
Inflation
Summary
Measuring inflation using a weighted basket of products or services yields various results and can be manipulated to fit economic agendas, leading to an inaccurate portrayal of the true rate of increase in prices.