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The New York Times – “The Billion Price Index” – The Billion Prices Project

The New York Times – “The Billion Price Index”

Some commenters have been claiming that the MIT Billion Price Index is telling a very different story from the official Consumer Price Index. So I guess it’s worth pointing out that it really matches pretty well.
What you need to realize is that the Billion Price Index, inevitably, only covers goods — not services. So it’s got a narrower focus than the CPI.

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