Of course, it takes them 9 paragraphs to note that total compensation is rising, although at "just" 3.1 percent.
4.7% inflation doesn't that seem high?
That's way too high for core inflation. They may be counting energy costs, which skew the numbers due to their volatility.
4.7% inflation doesn't that seem high? That's way too high for core inflation. They may be counting energy costs, which skew the numbers due to their volatility.
You got that one right.
A good rule of thumb in remembering which inflation is core and which includes volatiles is to remember that if the President is Republican and core is going down, then it's the total inflation that makes the headline.
The reverse is true --pundits had to switch back and forth for a while in the '90s when they were trying to explain which one was the 'important' one.
