{"id":1621,"date":"2011-05-07T12:32:42","date_gmt":"2011-05-07T17:32:42","guid":{"rendered":"http:\/\/www.phyrfight.com\/weblog\/?p=1621"},"modified":"2011-05-07T12:32:42","modified_gmt":"2011-05-07T17:32:42","slug":"the-whacky-world-of-price-index-for-core-personal-consumption-expenditures","status":"publish","type":"post","link":"https:\/\/www.phyrfight.com\/weblog\/?p=1621","title":{"rendered":"The whacky world of price index for core personal consumption expenditures"},"content":{"rendered":"<p>&#8220;Removing fuel and food costs from the index purely for the sake of statistical balance seems a bit like saying, &#8220;All told, four million people died in World War II. Well, unless you include the people who died in concentration camps. And, oh yeah, the 20 million Russians.&#8221;<\/p>\n<p>It&#8217;s a bit like saying, &#8220;On average, a major league baseball team will win 3.2 World Series each century. Obviously, not the Cubs. And we&#8217;ve thrown out the New York Yankees and their 27 world championships because it doesn&#8217;t provide a true snapshot of the game at any given moment.&#8221;<\/p>\n<p><a href=\"http:\/\/online.wsj.com\/article_email\/SB10001424052748703834804576301382426116982-lMyQjAxMTAxMDAwNzEwNDcyWj.html\" target=\"_blank\">http:\/\/online.wsj.com\/article_email\/SB10001424052748703834804576301382426116982-lMyQjAxMTAxMDAwNzEwNDcyWj.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Removing fuel and food costs from the index purely for the sake of statistical balance seems a bit like saying, &#8220;All told, four million people died in World War II. Well, unless you include the people who died in concentration camps. And, oh yeah, the 20 million Russians.&#8221; It&#8217;s a bit like saying, &#8220;On average, [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.phyrfight.com\/weblog\/index.php?rest_route=\/wp\/v2\/posts\/1621"}],"collection":[{"href":"https:\/\/www.phyrfight.com\/weblog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.phyrfight.com\/weblog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.phyrfight.com\/weblog\/index.php?rest_route=\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.phyrfight.com\/weblog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1621"}],"version-history":[{"count":2,"href":"https:\/\/www.phyrfight.com\/weblog\/index.php?rest_route=\/wp\/v2\/posts\/1621\/revisions"}],"predecessor-version":[{"id":1623,"href":"https:\/\/www.phyrfight.com\/weblog\/index.php?rest_route=\/wp\/v2\/posts\/1621\/revisions\/1623"}],"wp:attachment":[{"href":"https:\/\/www.phyrfight.com\/weblog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.phyrfight.com\/weblog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.phyrfight.com\/weblog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}