The RPI Hits Different Than the CPI
Someone built the RPI (Redneck Price Index) because the official CPI measures a basket of goods that apparently no actual human buys.
The basket:
• 150hp Evinrude
• Copenhagen
• 1lb of nails
• 30-pack
• Singlewide
• Propane
• Duct tape
• Fishing license
• Full-size truck
• A/T tires
• .30-06 ammo
Built it with Claude. Results: not great.
Honestly this is a more honest inflation measure than anything the BLS puts out. The CPI weights things like "shelter" using a fake rent calculation and then wonders why nobody believes the numbers.
Source
x.com