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What worries me about ‘hedonic quality adjustments’

Wolf Richter  |  December 2, 2019

12 minute audio by Wolf Richter, text intro includes “… As even basics are becoming unaffordable for these Americans, the official inflation data artfully papers over it. This arcane device also impacts investments, Social Security benefits, and inflation-adjusted data, such as ‘real wages’ or ‘real GDP’ …”

Read the full article on: Wolf Street

 
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