
Does Hedonism affect CPI?
Can Hedonism affect CPI? Yes, it can… Well…not “hedonism” in the pleasure-at-all-costs-kind-of-way but Hedonic pricing, which is how CPI is constructed. Without getting too deep into the math behind it, we can say that it tends to underreport the actual number. As most of you have seen, July CPI was +5.4% year-on-year. While that is […]