Roll your own cost-of-living index
Posted 42 weeks 3 days ago by Philip Brewer
If you have a budget--more specifically, if you track your spending--you have the data you need to track changes in your own personal cost of living. That's a lot more useful than the Bureau of Labor Statistics CPI (although people on Social Security, or with a lot of money invested in inflation-indexed treasury bonds, care about the CPI too). It's not so easy to turn your data into a number, though. In fact, you'll face a lot of the same problems the government does.
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