According to FedGov inflation is low if you don't use energy, consume food, pretend chicken is the same as steak and pay yourself income by renting your home to yourself.
LOL!
I do recall energy and food being removed from the so-called inflation shopping basket of items.
You'd think that PERMANENT increases in energy would be reflected, wouldn't you?
Anyone think that gasoline is going back down to $1.49 a gallon anytime soon?
The FedGov being wrong wouldn't surprise me but the bond market being wrong would. The 10-year bond is yielding what, 4.2%? Are you saying that the CPI is understated and the bond market is ignorant?
LOL - I love the ex-food and energy figure because, as we all know, people don't need food or heat to survive this winter.
Another great way to spot inflation is the cereal box "presto-change-o" (as I call it). Same cereal, same price, smaller box...