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Chained CPI: Taking a Look at the (Fuzzy) Math
It’s a not a new concept, but it just keeps coming around for discussion–the shift away from CPI-W for Social Security cost-of-living calculations in favor of a “Chained CPI” approach. As you’ll recall, the logic behind this proposal is that as food commodity prices increase,shoppers will shift to lower-priced replacements (e.g., hamburger instead of steak). IN a post on www.lockportjournal.com, Betterment’s Bob Confer examines the concept and the math behind it. Check his post out here…
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