Like everyone else who’s observed a discrepancy between how they’re being told the economy is vs how they’re experiencing it, I’ve had my concerns about how CPI is being measured and how the policy decisions are rolled out. One of the things that’s missing is an indicator that cares only about the essentials that are family use frequently. Like falling prices of flatscreen TVs don’t matter as much if home insurance and car payments are skyrocketing.
I came across the ALICE indicator and it does something close to what I wanted. It tells a very different story of how the economy is doing. https://www.unitedforalice.org/essentials-index
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