Remember that one post where I outlined how you can calculate your personalized inflation rate?
Well, it is a bit long-winded and doing math in English is always painful. Words do not have the power to concisely deliver a message like how algebra can. But not everybody works well with algebra unfortunately.
But do you know what is better at delivering the same message than algebra? An application.
The French National Institute for Statistics and Economic Studies (the equivalent of Malaysia’s Department of Statistics, I think) has produced an application to calculate personalized inflation rate. It is here if you want to play around with it.
The only downside with it is that it is in French… and it only works if you live in France.
I think if somebody with great coding knowledge can replicate the same thing for Malaysia, I can supply the data easily.
