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The following appeared at the Reuters.com blog on March 8, 2011: It's time to get personal with inflation. First you have to stop pretending that
The following appeared at the Reuters.com blog on March 8, 2011: It's time to get personal with inflation. First you have to stop pretending that the government's Consumer Price Index (CPI) is a precise guide to the cost of living. For those on Social Security and workers whose wages are indexed to the CPI (lucky you), the index is a Rosetta Stone, although not a very good one. It may not be an accurate reflection of your cost of living. Do you think that the CPI is a poor guide to the cost of living? Why or why not? What do you suggest?
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