No I know core inflation. I understand that. Basically I am asking why they made the change. Look at some point someone had to be sitting at their desk, or bored sitting in traffic, or sitting where ever they get their thinking done best and that person had to think, “hey, we can track inflation better than we have been.” So they put on their thinking caps, make some changes and present it to whomever makes the decision to make the change to the new system. (stupid short hand for how changes are made i know, but you get the idea).
Ok, in the meeting when they present this new idea, they had to give a REASON or two for the change. What I want to know is what are the reasons cited to make the change in the way we calculate inflation. Everyone on this board always grips about how inflation is understated and all that. But their has to be some benifits of this other than hiding unwanted inflation. What are those benifits?
