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Scientific American – “Economists Find Faster, Cheaper Way to Measure Inflation” – The Billion Prices Project

Scientific American – “Economists Find Faster, Cheaper Way to Measure Inflation”

Even in the information age, the U.S. Bureau of Labor Statistics still gathers much of its data the old-fashioned way. Workers make phone calls to find out what dentists charge for pulling teeth, and they visit stores to write down the prices of CDs and Russet potatoes.

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