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Money's Worth Price Index Dangerously Out of Date
Sylvia Porter argues the consumer price index has not been updated since 1950. She notes frozen foods, synthetics, home ownership, and auto costs are underrepresented or misweighted, causing the index to misstate true living costs amid 1957 58 economic shifts. The article cites H E Riley of the bureau of labor statistics acknowledging needed revisions.
MENTIONED IN THIS ARTICLE
Sylvia Porter
Washington
Florida
H. E. Riley
Bureau of Labor Statistics
Bureau
Riley