Measuring inflation: What's changed over the past 20 years? What hasn't?

Despite improvements made over the past two decades, the Consumer Price Index (CPI) still overstates the annual rate of inflation by about 0.85 percentage points, according to Brent Moulton, a 32-year veteran of the agencies that compile the nation's economic statistics who retired in 2016 as Associate Director of the Bureau of Economic Analysis (BEA).…                ...(read more)

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