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Can someone explain the inflation index?

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Old 03-16-2004, 1:26 PM
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Can someone explain the inflation index?

I don't get it. What are the feds using to determine the annual inflation rate? The only thing I can figure is that they are using a collection of items including toaster ovens, 8-track tapes, thumbtacks and Honda's Superhawk. How can inflation really be only 1 or 2 %? Look at gas prices, insurance premiums, tuition, food, housing, you know, the stuff we actually need to survive and compete. Is this another bogus # to make us feel better?

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Old 03-16-2004, 1:45 PM
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Re: Can someone explain the inflation index?

Hey, zen, try the following link: Guide to Inflation Indexing
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Old 03-29-2004, 10:21 AM
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Re: Can someone explain the inflation index?

Quote:
Originally Posted by zenblader
I don't get it. What are the feds using to determine the annual inflation rate?

http://moneycentral.msn.com/content/P73981.asp

You have got to be kidding me. Is there anyone who thinks they can get an honest answer out of the government anymore?
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Old 03-29-2004, 11:38 AM
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Re: Can someone explain the inflation index?

I must be sleepy this morning. I REALLY thought you wanted an explanation of the "Tire Inflation Index" for PSI expansion on the track.
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