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The Pandemic Is Costing Americans More Money Than Official Numbers Suggest

28 days ago   |   By Time

The COVID-19 pandemic is impacting the way Americans socialize, work and play-and how we spend money. Since March, virus-containment measures like lockdowns, quarantines and social distancing have altered our purchasing behavior, while the supply and demand of consumer goods-and the value they hold-has also changed.
But the U.S. Consumer Price Index , which tracks prices for a set basket of goods and services and helps policymakers measure household spending and inflation, hasn't been adjusted for the pandemic-it doesn't take into account that Americans stopped going to the movies but had...
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