Question: How serious are the problems with CPI? Why does it matter if we get the CPI wrong? Most of you live in rural areas.Is the

How serious are the problems with CPI? Why does it matter if we get the CPI wrong?

Most of you live in rural areas.Is the inflation rate you face different than that of urban areas? Why or why not?

Are all of the uses of CPI appropriate? Is the accuracy of the CPI more important for some uses than for others?

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