The conversation between human and AI assistant.
What are 2 arguments against CPI?
Are there any limitations to using CPI to measure inflation?
Yes, there are several limitations. One is that it may not accurately reflect regional differences in prices. For example, if the prices of housing in one area are rising faster than in other areas, it may not be properly accounted for in the CPI. Additionally, changes in the basket of goods and services used to calculate CPI may not adequately reflect changes in consumer preferences and behavior.