Inflation in America may be even worse than thought
Changes to the construction of the consumer-price index have distorted comparisons | Graphic detail
Source: economist.com
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Changes to the construction of the consumer-price index have distorted comparisons | Graphic detail
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Summers Group economists have devised a new inflation metric — and found that US prices are rising at a level close to their 1980 peak.
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That's inflation in the cost for shelter. It doesn't take into account the rising value of homes themselves.