The fallacy of trusting inflation indexes
Snippet of Article: "...people’s personal consumption patterns vary from the national averages that weight price indexes. Vegetarians don’t sweat rising meat prices. Slobs like me don’t crab when men’s suits cost more. And anyone with generous health care coverage, as for military Tricare coverage as we have, feel little of the cost of rising prices for drugs and medical procedures. People with poor coverage, or none at all, can take enormous hits. A final common fallacy is to take an “inflation rate,” determined from household consumer prices, and use it to judge spending by an entirely different, non-household entity. ..."
Source: www.twincities.com
