Tag: CPI-U
High prices persist – making life less affordable – and further increases are on the horizon This year’s elections confirmed the hollowness of arguing that low inflation means that Americans are doing fine. Consumers don’t care about inflation; they care about high prices, and they see high prices when they go to the grocery store,…
The current index is a good compromise. It’s “Social Security COLA-speculation” season, and with it comes the annual controversy about whether the government is using the right index to adjust benefits. I would argue that the current index is good enough; it can easily be viewed as a compromise between the two major alternatives –…
