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Learn to use ChatGPT as a tool to calculate and analyze real inflation rates versus officially reported government figures in this 17-minute video tutorial. Discover how to factor in elements that official Consumer Price Index (CPI) calculations often overlook, including technology deflation masking, substitution bias, hedonic adjustments, housing distortions through Owner's Equivalent Rent, and CPI basket weighting modifications. Examine a detailed comparison between reported CPI and adjusted inflation rates spanning from 1984 to 2024, while exploring the actual depreciation of dollar value over time. Understand why your purchasing power feels diminished compared to official inflation statistics and gain the analytical framework to support your observations with concrete data. Master techniques for leveraging AI tools to conduct economic analysis and uncover discrepancies between perceived and reported economic indicators.
