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Economist Perspective: Recalculating Inflation

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Advances in technology are making it more difficult to accurately measure the true value of goods and services, which can now be produced and delivered at relatively lower wage costs. This could mean the rate of inflation may be overestimated and real GDP growth underestimated.

Is labor productivity growth actually as slow as data suggests? Blu Putnam, Chief Economist at CME Group, discusses.

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