That’d be a valid point if those numbers were excluded starting last month, but the methodology for core inflation has been consistent for decades.
By the way, food inflation was up 5.8% last year, energy prices were down. (Nat gas is down over 45% from a year ago.)
Yes, I know they have never included it, where did I say they just started excluding it?
Like I said they exclude food and energy so they can show numbers that look nice.. its not something new..
False
The US Government changes it “basket of goods” when calculating Inflation. Their argument is it produces a more consistent, accurate measurement.
What is does in fact do is allows the Government to keep the rate artificially low since they are legally bound to tie the Social Security annual COLA to the official inflation rate
The US Government would be unable to pay for all the current spending plus the Soc Sec COLA if the real inflation rate was ever tracking