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Path: utzoo!lsuc!dave
From: dave@lsuc.UUCP (David Sherman)
Newsgroups: net.taxes
Subject: Re: Abuse of social contracts. (tax system)
Message-ID: <462@lsuc.UUCP>
Date: Fri, 1-Mar-85 13:59:18 EST
Article-I.D.: lsuc.462
Posted: Fri Mar  1 13:59:18 1985
Date-Received: Fri, 1-Mar-85 17:04:20 EST
References: <2748@dartvax.UUCP> <445@ahuta.UUCP> <399@lsuc.UUCP> <287@petrus.UUCP> <417@lsuc.UUCP> <441@spp2.UUCP>
Reply-To: dave@lsuc.UUCP (David Sherman)
Organization: Law Society of Upper Canada, Toronto
Lines: 17
Summary: calcultating inflation for indexing

In article <441@spp2.UUCP> jhull@spp2.UUCP (Jeff Hull) writes:
||In article <417@lsuc.UUCP> dave@lsuc.UUCP (David Sherman) writes:
||>That's the fault of your system for not having inflation adjustment
||>built it. 
||One problem with indexing is the selection of the measure of
||inflation.  Official US govt. statistics say the aggragate inflation
||since 1970 is 138%.  Based on what?  Many of the basic "necessities"
||(well, in the US they are necessities) have gone up over 200%.

The Canadian method is to use the annual increase in the Consumer
Price Index published by Statistics Canada, using the figure for
September 1984 to fix the indexing for 1985, and so on. The CPI
is based on a "basket" of consumer goods, and of course is only
an approximation of the effect of inflation on any individual.
-- 
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