tag:blogger.com,1999:blog-8487128531050281473.post2775652873535310787..comments2024-01-08T14:24:03.718+00:00Comments on Economics Essays: Is Inflation Under of Overestimated?Tejvan Pettingerhttp://www.blogger.com/profile/03405988099792035111noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8487128531050281473.post-83703338428277245012008-07-08T16:41:00.000+01:002008-07-08T16:41:00.000+01:00Yes, one thing worth bearing in mind is that often...Yes, one thing worth bearing in mind is that often different people have different inflation rates. If you spend most of your money on electronic goods, your inflation rate will be lower than if you spend your money on petrolTejvan Pettingerhttps://www.blogger.com/profile/03405988099792035111noreply@blogger.comtag:blogger.com,1999:blog-8487128531050281473.post-63813580901212806702008-07-08T14:54:00.000+01:002008-07-08T14:54:00.000+01:00Thank you for responding. If you look at inflatio...Thank you for responding. If you look at inflation on an aggregate level, overall prices are going up. However, if you look at needs on an individual basis for products you may use, perhaps cost of living stays the same or goes down. The book makes several points:<BR/>- CPI assumes the same items are bought regularly. If I buy an appliance like a stove, I probably don’t need to buy one again My Visionhttps://www.blogger.com/profile/07035035496844358069noreply@blogger.com