How are low income household negatively affected by weighting of items in the consumer price index basket?

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asked Oct 20, 2018 114k views

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Abdul Khan · Answer 1 · 2018-10-26T04:16:05+0000

The CPI market basket is drawn from consumers who respond with diaries of products bought over a two week period. Low-income households do not participate at such high levels of reporting and are therefore under reported.

How are low income household negatively affected by weighting of items in the consumer price index basket?

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