• The Inflation Series Part 3: Consumer Price Inflation And How the Consumer Price Index ("CPI") Impacts Your Life

  • Aug 23 2022
  • Length: 35 mins
  • Podcast

The Inflation Series Part 3: Consumer Price Inflation And How the Consumer Price Index ("CPI") Impacts Your Life

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  • Summary

  • On this episode, we do a deep dive into consumer price inflation.

    Here's some of what we cover.

    1. A Basic Definition
    2. The Consume Price Index ("CPI") including some of its history, how it is calculated, and how and why the government makes changes to the calculations, and some criticisms of CPI.
    3. Some alternate measurements for consumer price inflation.
    4. Then we discuss if Luc and Nate were working for the government, how and why they would adjust CPI.

    Resources mentioned in this episode:
    The Bureau of Labor Statistics ("BLS"): Hedonic Quality Adjustment FAQ
    BLS: The List of Items Subject To The Hedonic Quality Adjustment
    Chapwood Index
    John Williams' 1980s CPI Measurement on Shadow Stats
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