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Good luck, BLS
Posted By Russ Roberts On September 6, 2007 @ 12:20 pm In Prices | Comments Disabled
The iPod will be six years old next month. The newly released iPod Classic with 160 GB of memory is $50 cheaper than the original iPod, holds 40 TIMES more songs and also plays color videos and displays photos. It is smaller, lighter and has a better battery. I wonder how the BLS takes account  of the quality differences when measuring the price index and inflation.
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 how the BLS takes account: http://cafehayek.com/2006/09/cpi_bias.html
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