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Market Place – “Rethinking how the inflation rate is calculated” – The Billion Prices Project

Market Place – “Rethinking how the inflation rate is calculated”

Ever wonder how the government calculates inflation? Meet George Minichiello. He’s searching through the meat aisle of a Brooklyn grocery store.
“Here it is,” Minichiello announces, “pork roast. And the pork roast today is $3.99, I’m sorry, $3.49 per pound. Same as last month.”

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