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Re: The economy - a new era?/CPI estimations

ertugrul ahmet tonak wrote:

I thought the use-value-based adjustments in price index calculations
are relatively new idea --if they are effectively incorporated ever.  Is
that what you meant Doug when you referred to the CPI increase due to,
for example "more stops?"  When did they start this?


No, they've been trying to hold quality constant for a long time -
decades, at least since the 60s. The critics of the CPI said the
quality adjustments weren't sufficient, however.

Doug

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