The Campbells soup example shows precisely why inflation can't be based on a single product, and why the Bureau of Labor Statistics employs a bunch of professionals to figure this issue out. If you measured inflation by the cost of a 60" television, you'd see a very different (and equally useless) chart.
The new car price chart says in tiny text "not adjusted for inflation".
At that point, I figured the rest of the article was likely to include similarly glaring methodology problems.
The new car price chart says in tiny text "not adjusted for inflation".
At that point, I figured the rest of the article was likely to include similarly glaring methodology problems.