Why doesn't CPI seem to capture the affordability crisis?

[tanyatussing@mastodon.social]

Why doesn't CPI seem to capture the affordability crisis?

"From 1967 to 2022, the cost of basic necessities—#groceries, #rent, #healthcare, #transportation, #childcare—increased 35% faster than everything else."

* "groceries shot up by 23.6% from 2020 to 2024."
*" Rent is at an all-time high, with 50% of renters spending more than third of their income on housing."

From The #Affordability Framework Report :

https://economicsecurityproject.org/wp-content/uploads/251022-Affordability-Framework.pdf

#inflation