Eric Swanson

Economists have some concerns with the updated measurements. “There’s a lag between when the basket is measured and when it gets used in the CPI calculation, however,” Eric Swanson, a professor of economics at the University of California, Irvine, told The Hill. “For example, the weights they’re using this year are based on consumer patterns from 2021. This does raise some issues that maybe households spending patterns in 2021 were unusual because of the pandemic,” he said.

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