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TIPS

Measuring inflation is inexact, biased process

I have written extensively about how “official” inflation is dramatically biased. I have often quoted figures published by economist John Williams (Shadowstats.com) that indicate how the CPI would be significantly higher if the 1980 computation methodology were used. To further this argument, Ed Butowsky (Chapwood Investments, Dallas), has created an alternative Consumer Price Index (CPI). On a semiannual basis, for America’s 50 largest cities, the Chapwood Index measures the change …Read More