124 posted 1 year ago by canada_is_communist 1 year ago by canada_is_communist +124 / -0 60 comments share 60 comments share save hide report block hide replies
The term is called hedonic adjustment. Between it and substitution bias (e.g. beef is too expensive, so you/the CPI replaces it with cat food), it's just more ways for the feds to cook inflation numbers.
They only offer inflation metrics in order to fool people into thinking it’s not so bad. The real numbers would result in more gallows construction.