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  1. 10,990 Posts.
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    Yes and housing not included in inflation numbers.

    If someone works 1 hour in some form they're not included in the unemployment numbers ! Imagine the real unemployment/underemployment rate also allowing for all those 'hidden' in various Govt. training/retraining schemes etc.

    Government and Corporates are also beneficiaries of low numbers in various ways eg politically, wages pressure, welfare payments to name a few.

    A couple of relevant articles-one US centric and a little dated but still indicative of some of the issues.

    https://www.forbes.com/sites/perianneboring/2014/02/03/if-you-want-to-know-the-real-rate-of-inflation-dont-bother-with-the-cpi/#1ebbbb0c200b

    https://www.abc.net.au/news/2017-04-20/inflation-data-suffers-from-exclusion-of-housing/8457718

 
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