The CPI does try to make quality adjustments. Whether the BLS succeeds is
a matter of controversy, but they do try. As an aside, I talk to a lot of
the faceless bureaucrats at BLS, BEA, Census, and elsewhere who produce
these figs, and I've always been impressed with their openness, honesty,
Date: Mon, 04 Apr 1994 12:39:22 -0700
From: [EMAIL PROTECTED]
Subject: Inflation measurement
Sender: [EMAIL PROTECTED]
How does the CPI numbers reflect quality increases/decreases in a
product? For example, car engines today have longer-lasting engines and
are 2-3 time better fuel economy
