[cuban leaf]

—We have moved out of the realm of legitimate error into the area of out and out propaganda.—

Personally, I think we did that years ago. Google Hedonics. It’s fascinating.

[khelus]

...Personally, I think we did that years ago. Google Hedonics. It’s fascinating.

ROFL

Good ol' hedonics or quality adjustments to the CPI decreasing the actual cost of an item. In other words you did't actually pay what you paid.

In government speak: "...hedonic price indexes are simply statistical tools for developing standardized per unit prices for goods, such as computers, whose quality and characteristics are changing rapidly."

Now look up owners rent equivalence, chained dollars, intervention analysis, etc.

Conveniently core inflation devoid of the cost of food and energy is used to evaluate the effectiveness of the fed.