Reinko

Inflation: Pass It Through

Nice article.

To JCCIII:

Gross domestic product growth is already without inflation, that is why it is 'product growth'.

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For the rest it is laughable to observe they even use 'geometric weighting', this is nonsense!

But measuring inflation is a hard try, try it for yourself with only bread. Here in Holland cheap bread is 45 cents for 800 gramm, good qulity bread is around 95 cents to one Euro and luxery bread above two Euro.

How to measure changes in bread prices?

So you see: measuring inflation is difficult and depending on what your spending habits are, you have even an individual inflation number...