Didn’t the US government remove food and fuel from its calculation of the “cost of living”? The American people haven’t a clue about all of this.
Yes, but those only affect people who eat or go anywhere.
There is something the Feds call “core inflation”, that’s inflation data excluding food and energy. The stated reason for this exclusion is that food and energy prices bounce around too much.
And they labeled it “Core Inflation”. You don’t get anymore “Core” than food and fuel.
Indeed it’s the number system they use when they don’t count 94 million people unemployed.
“Didn’t the US government remove food and fuel from its calculation of the “cost of living”?”
If I recall they removed food, fuel, insurance, medical costs, and taxes. (The taxes on my previous home went from $500 to $1875 in ten years. If inflation was 10% a year they would only have doubled. No increase in services.)
Another trick they use is to say that a device you buy today is better than the same device ten years ago. Therefore, if the price goes up the extra utility is used to lower it. The increase in price of cell phones, computers and other appliances are artificially reduced. Sure your new refrigerator cost nearly $2,000 but it is connected to the internet and reminds you to buy milk. So, the price is adjusted to what a similar sized but cheaper unit cost ten years ago.
5.56 ammo ticked up 10% in the last week as the election nears.