The central bank is raising rates to fight inflation. No one else seems willing to help

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    1 year ago

    It’s supposed to measure the cost of consumer goods

    Because consumables are what are frequently purchased to be able to observe inflation taking place.

    It wouldn’t make sense to track houses, for example. People only buy those once, maybe twice in their life. You would have no idea how their perception of the value of the dollar is changing watching that.