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Arpit Gupta raises a question about the extent to which recent changes in spending are due to inflation adjustments.
He observes that nominal spending appears to be robust and seeks clarification on how much of this strength is attributable to inflation.
Gupta has recently commented on sectoral trends, noting that current market gains rely on AI and energy, while other sectors are experiencing declines. He has also argued that all index funds involve subjective inclusion decisions, challenging the notion of truly passive strategies. These observations provide context for his current focus on the impact of inflation on reported spending levels.