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The CPI needs revision

All last week the buzzword on the street was drop in CPI... The deflationary pressure on Consumer Price Index. I don't know about you but I am not buying this stuff. I sincerely believe that time has come to change how the CPI is calculated. I know the economics world will have their swords ready to fight it both ways.. but as a consumer on the main street and a law biding taxpayer, I strongly support the idea that the CPI measures need to be changed. The US economy ( for that matter the Global economies) currently is dominated by service sector pricing... Gone are the days when only goods mattered more than services. The price of the goods in general have been pretty much stabilized thanks to cheap labor and ability to transport these goods across the universe ( that explains why American could afford closets filled up with baubles and trinkets...mainly because that got cheaper relative to income) ... But that certainly doesn't apply to services. Service sector ,to a large extent , can not be utilize these resources and thus the demand and supply for the service sector can be artificially manipulated. The spending really grew in service sector and this is where it hurts main street pocket books.. The drop in the CPI hardly matters to your pocket because everything that is service related is going up at the rate of 8-10% and its not counted.. All essential services including health care, education, child care, insurance, ....services that matter as much as goods for your day to day existence...but that are not counted in CPI....And salaries haven't kept up largely due to the wrong measure of CPI...I think there needs to be an Index that measures both goods and services or cost of living in total and the policies should be based on that new Index. To revert, the Great depression of our time, several policy revisions are needed ..I strongly believe that CPI calculations should be one on the top...

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