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Subject:  Re: Lies, damn lies and CPI Date:  3/24/2013  10:56 PM
Author:  eurotrash01 Number:  14025 of 24527

You are talking "substitutions." I am talking "real prices." The M.I.T. project necessarily doesn't include "services", but in order for overall inflation to be 8%, services would have to be increasing at a rate of about 16% annually. Does this seem reasonable, given the relatively stagnant wages of the past few years?

Only if you have kids in college and need a new hip.

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