I don’t know that the government excessively manipulates the CPI, given it shows constant steady inflation since the 1950s[1].
My sense is merely that the metric is focused on “cost to survive” measures and does not reflect the changes in “cost to thrive.” Food, clothing, transportation, and technology are actually getting cheaper over time. But it’s hard to care when housing, education, and healthcare costs are skyrocketing.
Also, as a footnote, I was interested to read the article you linked, but I seriously distrust any information presented as a video under the headline “shocking answer revealed!”
My sense is merely that the metric is focused on “cost to survive” measures and does not reflect the changes in “cost to thrive.” Food, clothing, transportation, and technology are actually getting cheaper over time. But it’s hard to care when housing, education, and healthcare costs are skyrocketing.
Also, as a footnote, I was interested to read the article you linked, but I seriously distrust any information presented as a video under the headline “shocking answer revealed!”
1: https://fred.stlouisfed.org/series/CPIAUCSL