"Consumer Price Index (CPI) is a heavily manipulated metric. Governments are politically motivated to show that prices are not increasing very much. After all, if prices are perceived to be increasing quickly, savings would be diminished, and the public would get upset. Several tactics have been used to manipulate CPI to show favorable outcomes.

For example, the Hedonic Quality Adjustment is a method by which the CPI gets adjusted downward. If jeans increase in price by 20%, the Hedonic Quality Adjustment can say that the quality of the jeans increased by 18% and only count that as a 2% increase.[6] This is why the CPI magically comes in at 1-3% year after year, even when prices are increasing much more in reality.

The value from technological progress should result in deflation. The fact that we have inflation means that this value is being redirected to the money creators and their borrowers. As a result, although governments report a 2% increase per year in prices, the reality is much worse. Theft is occurring right in front of our faces, and unfortunately, the community has accepted this as a normal part of life. Instead of everyone benefiting from a natural deflation of prices, we allow the few to capture all the gains." - From "Thank God for Bitcoin" by Jimmy Song & Robert Breedlove #Bitcoin #BTC