That's a hoot! Soooo many folks passing that one around, I even heard Rush say that once.
Food and energy are intentionally excluded from the inflation index. It was the only way the govt could say they reduced inflation.
What is the index where they compare a bag of groceries? I seem to recall that such a thing was used in the past.
This is a short-term scheme to screw people on government fixed income while maintaining an illusion of recovery. For all intents and purposes (at least here in the northeast) discretionary dollars for most people are gone.
That's a hoot! Soooo many folks passing that one around, I even heard Rush say that once.