The CPI doesn’t arbitrarily “swap in” items. It changes based on consumer behavior. That’s why it now tracks streaming services but not VCRs. Similarly, if the price of Gala apples triples and everyone switches to Fuji, a fixed index would overstate the actual cost of living.
Insofar as gold impacts the cost of things people buy, it’s already included. Adding it directly to the CPI makes no more sense than adding Bitcoin or soybean futures.
The cost of housing is already is a massive component of the CPI.
Insofar as gold impacts the cost of things people buy, it’s already included. Adding it directly to the CPI makes no more sense than adding Bitcoin or soybean futures.
The cost of housing is already is a massive component of the CPI.