[FromLori]

“Depends if one believes the government statistics on inflation used to calculate real income.

I do not.”

Nor do I or many others they changed how it is calculated for one thing and do not take food and energy into account any longer.

How Inflation Could Be 66% Higher Than the Fed Reports

See full article from DailyFinance: http://srph.it/hVHkw8

[Toddsterpatriot]

and do not take food and energy into account any longer.

LOL!

Stop it, you're killing me!

[Toddsterpatriot]

Our broadest and most comprehensive CPI is called the All Items Consumer Price Index for All Urban Consumers (CPI-U) for the U.S. City Average, 1982-84 = 100.

In addition to the All Items CPI, BLS publishes thousands of other consumer price indexes. One such index is called "All items less food and energy". Some users of CPI data use this index because food and energy prices are relatively volatile, and these users want to focus on what they perceive to be the "core" or "underlying" rate of inflation.

Again, while we publish many indexes, our broadest measure of inflation includes all items consumers purchase, including food and energy. In addition, when CPI data are reported, these data can be reported on a not seasonally adjusted basis as well as a seasonally adjusted basis.

Source