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To: Gaffer

The CPI which is NOT inflation, is rejiggered every year to show a lower rate of price increase. It is said to not show actual inflation if people substitute pork for beef or cat food for Tuna so the prices of pork and cat food are substituted for those of beef and tuna. The reality is that the dollar buys less value of food even if the quantity remains unchanged. When people can afford to buy only corn and beans then corn and beans will be substituted for the rest of the menu in the CPI to show that the price of food has not increased.


12 posted on 10/22/2015 9:10:33 AM PDT by arthurus (Het is waar. Tutti i liberali sono feccia.)
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To: arthurus

Incorrect.


52 posted on 10/22/2015 1:14:53 PM PDT by 1rudeboy
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