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What are 2 arguments against CPI?
Can you tell me two arguments against CPI?
Sure, one argument against CPI is that it does not account for changes in quality of products or services. For example, if the price of a smartphone stays the same but it has better features than the previous model, CPI will not reflect that improvement in quality. Another argument is that CPI does not take into account the fact that different people have different spending patterns and priorities, so it may not accurately represent the inflation experienced by different segments of the population.