Question
CPI basket of a country is periodically modified. Some items are taken out and some items are taken in. These modifications can sometimes also create
CPI basket of a country is periodically modified. Some items are taken out and some items are taken in. These modifications can sometimes also create much discussion, because some economists think they are not done properly to create model consumption basket in the country, but just to manipulate the inflation data. Choose a country (which can be your country), assuming you are modifying your consumption bundle, which kind of goods and services do you think should have a higher weight in the consumption bundle compared with 2010, which kind of goods or services should have less weight?
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