Are you saying that the index really takes account of quality?
On Thu, Sep 21, 2006 at 10:11:44AM -0400, Doug Henwood wrote: > On Sep 21, 2006, at 9:54 AM, Jim Devine quoted Jared Bernstein: > > > Sorry to wax anecdotal, but I'll bet price > > changes in air travel are not reflecting the declining quality of that > > sector. > > Actually they do: the airfare component of the CPI is up about 333% > since 1980, while the overall index is up 160%. > > Doug -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu michaelperelman.wordpress.com
