Remember when we used to track inflation with the Campbell's soup index? That's basically gone now. But check out what's happening up north—their CPI data mirrors that classic soup chart almost perfectly. Here's the thing: it's not about whether official inflation numbers are "lying." The real story? Hedonic adjustments in CPI calculation paint a completely different picture from what raw price changes show us. When you factor in quality improvements and substitution effects, you're measuring something fundamentally different.
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ForkInTheRoad
· 12-04 18:57
The canned soup index has long been outdated, but this hedonic adjustment trick is still fooling people.
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LayerZeroHero
· 12-04 18:49
It turns out that the whole concept of hedonic adjustments is just a way to "optimize" inflation numbers to make them look better, which has nothing to do with the actual rise in prices... The real truth lies in the bridging logic behind the data.
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LiquidationOracle
· 12-04 18:42
The soup can index is gone, but the numbers game is still being played... This whole hedonic adjustment rhetoric, to put it bluntly, is just the authorities forcibly spinning price increases as "quality upgrades."
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SchrodingerWallet
· 12-04 18:41
Oh, I've seen through this hedonic adjustment trick long ago—just old wine in a new bottle.
The Campbell Soup Index used to be so straightforward, but now... it's just a numbers game.
If you take away the quality improvements, the real price increase would be terrifying.
So, whether or not there's actually inflation depends on which standard you believe in...
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GasFeeBeggar
· 12-04 18:36
The Soup Can Index is gone, but their tricks for adjusting data are truly impressive.
Remember when we used to track inflation with the Campbell's soup index? That's basically gone now. But check out what's happening up north—their CPI data mirrors that classic soup chart almost perfectly. Here's the thing: it's not about whether official inflation numbers are "lying." The real story? Hedonic adjustments in CPI calculation paint a completely different picture from what raw price changes show us. When you factor in quality improvements and substitution effects, you're measuring something fundamentally different.