The Fallacy of the "Core" Rate of Inflation
See my LRC article on why it makes no sense at all to care about "core" consumer price indicies except as a way to cover up the inflation problem.
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Comments (2)
Dennis Sperduto
Thanks Stefan for pointing out some of the conceptual problems, if not outright contradictions, in using the "core" rate of inflation to measure the degree of price change. And also thanks for noting the at times shifting, non-consistent, and apparently self-serving use of the two inflation measures by policy makers and commentators.
Published: August 8, 2005 10:29 AM
J.S. McGraw
Related: Jim Puplava's The Core Rate
Published: August 9, 2005 9:04 AM