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The Consumer Price Index
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  At its most basic level, the CPI measures how much life costs in America and how those costs have changed. But the CPI is about politics too – and has been used and misused in debates ranging from Social Security to the cost of government. We'll learn more about the Consumer Price Index, what it does, how it’s used and the problems some have with it. Guests
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Your discussion is far too light-weight and dismissive of the reality consumers face. The professor from UNH is especially inappropriate in his responses and comments regarding the CPI and real costs. Also, to bring psychology into the discussion, and "perception" of the avg consumer, is particularly onerous and cruel. Consumers get-it. The CPI has, for decades, been an irrelevant measure of costs. The CPI is simply an overlay to placate investors, as well as consumers. It is transparently inadequate as a real measure of costs. I am quite disappointed at the nit-picking comments from your guests--which divert the discussion from the truth. I have worked in academia, business, and healthcare. I have had my pulse on the economy for 30 years and your discourse on this important topic is quite embarassing in its lack of rigor.
Barbara Power Deering NH
Thank you for hosting the show. It was very informative with respect to what exactly is CPI, how it is computed, what its pitfalls are and how it is used. I thought there were very good questions from the callers and your guests did a good job in their responses. I was not aware that social security payments were tied to CPI that excludes food and gas and that does not seem fair.