Episode notes
We talk about the consumer price index and the wage price index, how the CPI is used to measure inflation, and why these metrics are particularly bad for reflecting the experience of the very poor.
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References
Australian Bureau of Statistics (2018) '6461.0 - Consumer Price Index: Concepts, Sources and Methods', accessed 30 Jan 2022, https://www.abs.gov.au/ausstats/abs@.nsf/mf/6461.0.
Australian Bureau of Statistics (2021) 'Annual weight update of the CPI and Living Cost Indexes', accessed 30 Jan 2022,
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