My understanding is that the index relies on estimates of what homeowners would pay in rent for equivalent housing.
If you think longtime homeowners are paying less, then substituting equivalent rent should push the CPI rate of inflation to be higher than the genuine rate. An overestimate.
So you think correctly calculated inflation is less than the CPI says?
I thought everybody who thinks it is inaccurate thinks it is an underestimate, that the government is covering up inflation being rather high.
Also, if they just didn't survey non-renters, then the result would not include how much homeowners spend on, say, hamburgers or whatever.
If you think longtime homeowners are paying less, then substituting equivalent rent should push the CPI rate of inflation to be higher than the genuine rate. An overestimate.
So you think correctly calculated inflation is less than the CPI says?
I thought everybody who thinks it is inaccurate thinks it is an underestimate, that the government is covering up inflation being rather high.
Also, if they just didn't survey non-renters, then the result would not include how much homeowners spend on, say, hamburgers or whatever.