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Re: oops, again
>On the other hand, note that this
>would mean that the CPI would systematically overstate the cost of living
>the life of a rich person but underestimate the cost of being poor, which
is
>a known problem of RPI and related statistics.
I forgot to mention that this is the main reason why it is always vitally
important when considering whether or not to lend your support to some
well-meaning social benefit package, that it should always be indexed to
average wages and not to CPI.
dd
- Thread context:
- Re: oops, again, (continued)
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