alt Hacker NewsNo...? Price is what we use to "see how many dollars you need for some specific good".
To be sure, the P in CPI stands for price, but that doesn't mean it is the same thing as price. The C and I are also there to indicate that it is something else.
No...? Price is what we use to "see how many dollars you need for some specific good".
To be sure, the P in CPI stands for price, but that doesn't mean it is the same thing as price. The C and I are also there to indicate that it is something else.
It's using a fixed value of goods and measuring the price of that basket to measure the value of a dollar.
The price of a dollar is one dollar. That's a useless statistic.