Pretty much BPI = CPI/BTC Price. I'm noob too, and definitely not an economics person, at least by profession.
My understanding is that although CPI doesn't have a unit, dividing it by the price of BTC works because it gives the amount of BTC needed to achieve the same purchasing power represented by the CPI.
RJ
npub14k…c2fye
2024-08-21 02:56:13
in reply to nevent1q…h3c4
Author Public Key
npub14kxevcxxwhfm8gt0c9yycyp8s2agxu9wt72wch7zkfz23j9q5kys6c2fyePublished at
2024-08-21 02:56:13Event JSON
{
"id": "eb1354d6d6ecfe2d2bf11c0dfdbabdf39fdb261f82143a332801264a1382cfcf",
"pubkey": "ad8d9660c675d3b3a16fc1484c102782ba8370ae5f94ec5fc2b244a8c8a0a589",
"created_at": 1724208973,
"kind": 1,
"tags": [
[
"e",
"8c98c94f86748ed3d7f48e0a430689bf0d8715a97e2b5c4cafd895ac8223c07b",
"",
"root"
],
[
"e",
"a58e04a5992df68a1e709b2062fc72f1bd5972f64f3021fc4a5e392036b01b26",
"",
"reply"
],
[
"p",
"ad8d9660c675d3b3a16fc1484c102782ba8370ae5f94ec5fc2b244a8c8a0a589"
],
[
"p",
"1dd7992ea0ecbda7480ceed35748c3655691133c8c78af947fd24299db8f481f"
]
],
"content": "Pretty much BPI = CPI/BTC Price. I'm noob too, and definitely not an economics person, at least by profession. \n\nMy understanding is that although CPI doesn't have a unit, dividing it by the price of BTC works because it gives the amount of BTC needed to achieve the same purchasing power represented by the CPI. ",
"sig": "671a9baa4cce1038f60126af59602eea1667546e9fd7c34d96fe85fa54b1051408a55e1d63252d66824ee221c68ed0b97af39ca9caa154badaf91c954117122d"
}