I'm really frustrated by inflation numbers because there doesn't seem to be a metric that makes sense.
CPI ignores the reality people feel (and swaps in cheaper items that aren't necessarily on par with the original to keep the number lower), gold isn't really a 1:1 with purchasing power...there must be some sort of useful composite metric that merges multiple data points over time like rental/house prices, CPI market basket, dollar vs hard assets like gold to come up with a more accurate number.
CPI ignores the reality people feel (and swaps in cheaper items that aren't necessarily on par with the original to keep the number lower), gold isn't really a 1:1 with purchasing power...there must be some sort of useful composite metric that merges multiple data points over time like rental/house prices, CPI market basket, dollar vs hard assets like gold to come up with a more accurate number.