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Oops, replied in the wrong spot the first time, here we go again 😅 Good catch, that's the more precise mechanism, but that's exactly the sleight of hand, it forces everything else in the basket higher just to hit the number, while the real overflow ends up in assets that aren't even in the basket to begin with
It’s actually the other items in the CPI basket that mechanically must have accelerated price increases, if there’s a component with rapidly falling prices.