re: #212 Higgs Boson’s Mate

I’d love to know how they really calculate inflation. As far as I can tell, food prices are going up, gasoline prices are creeping back up, home prices are definitely going up, new car prices the same. Wages are the only thing that isn’t going up. At times I suspect that inflation is indexed to things that don’t really affect most wage earners.

If you Wiki “Consumer Price Index” you’ll see that that there are different models used and they vary the “market basket” by different groups (elderly, urban wage-earner, etc.) and by geographical regions as well.

So there are pretty complex calculations going on, and then it gets dumbed down to the simple, but inaccurate, number the media reports.