Posted on 11/29/2007 9:24:55 AM PST by mustang buff
Yeah, I know, my bad, I meant to say the core inflation number.
One of the reasons that food & energy inflation is overblown is that we had huge deflation on both (especially energy) in the mid to late 90s..if you went back to 1975 or 1985 and assumed 3% inflation rise annually..it's about what it was back then.
Was in the store yesterday. There was a good sale on Hillshire Farm sausage, 2/$6. $3, good deal. Usual price, $3.29. Upon closer inspection I notice the weight is 14oz not the 16oz it has forever been.
Canned tuna has 6oz now, not 6 1/2oz as usual. Bread is expensive but many loaves have 24oz now. Compared by oz. to the normal 16oz loaf the price is still up. Eggs from $1.59 to $2.59/doz. Milk up a buck a gallon and that's getting the cheap 2 gallon discount, etc, etc.
One thing has not changed in years here, oleo.
yitbos
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