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Re: Re: RE: Re: Re: Those questionable productivity numbers

Peter Dorman wrote:

He has also pointed out
that quality *declines* (such as in air travel) have not been taken into
account.


They are in the airfare component of the CPI, which has risen at
twice the rate of overall inflation, as one-stops replaced nonstops,
advance purchase requirements were tightened, and snacks replaced
full meals. I think the point is that other reasons for CPI
understatement, parallel to these, weren't investigated by Boskin &
Co. or the BLS.

Doug


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