What is 'not much is more core'? Buffett noted that the CPI (Consumer Price Index) is not a particularly good measure of inflation. First, “core” inflation excludes food and energy. “Not much is more core!” Buffett exclaimed. Second, since CPI uses a rent equivalent factor for living costs, it hasn’t captured the rising cost of housing. In sum, the CPI understates inflation.
Nov 7, 2018 3:08 AM
Answers · 2
'Core' means central, or important. He is saying that not many things are as important (to consumers?) as food and energy.
November 7, 2018
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