The "unifying framework" that the US Bureau of Labor Statistics follows in designing the consumer price index, according to the agency's handbook of methods, involves attempting to answer this question:
What is the cost, at this month's market prices, of achieving the standard of living actually attained in the base period?
What is the cost, at this month's market prices, of achieving the standard of living actually attained in the base period?
#people #years #information #necessarily #understanding #alternative #implications #interest-rates #early-1980s #federal-reserve-bank
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