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Bloomberg's Lisa Abramowicz recently tweeted, "When you measure the prices of things Americans are spending money on right now, 'it turns out that the actual inflation rate is not as low' as the data suggest". Her evidence was a chart showing how spending for food at home had jumped while spending on food away from home had declined significantly. But it turns out that it isn't enough to look only at prices of individual items.
We must also consider what weight they get in computing overall inflation. The Dallas Fed