Article Title: Does CPI understate true inflation?
Snippet of Article: "...There are a couple of significant problems with this metric.
In the first place, the CPI doesn't measure "inflation." Inflation properly defined is an increase in the money supply. Rising consumer prices is one symptom of inflation, but it is not in and-of-itself inflation.
Setting aside the issues with using the CPI as the definition of inflation, the metric itself is deeply flawed and understates the extent of price increases in the economy. ..."
Source: schiffgold.com
