Day-to-day Living Costs Rising Faster than the CPI
Abstract:
People have been asking me, “Why is it that the cost of living seems to keep going up and up while the Consumer Price Index is hardly moving at all?” I think the answer is fairly straightforward. Our impressions, yours and mine, about the cost of living are based on day-to-day purchases. The Consumer Price Index (CPI) is more all-encompassing. The day-to-day cost of living increase is starting to pack a wallop.
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