[commish]

The only silver lining is that the price of most goods other than food and energy, such as electronics or motor vehicles, have not risen much.

Too bad that the neccessities are food and fuel.

[Free Vulcan]

BINGO! That’s been my complaint. How often do you buy a computer? Once every few years? How often you buy gas? Once a week minimum? Their weighting is screwy because the lower income you are the more inflating necessities are going to bite you as they are a larger percentage of your income.

I read here on FR that under the old calculations inflation is around 10%.

[quesney]

“Too bad that the neccessities are food and fuel”

Eat your Ipad.

[MulberryDraw]

From Rooters:

“Core inflation rises mildly, earnings fall

The mild rise in core CPI — which excludes food and energy and is watched by the Federal Reserve for monetary policy — may be seen as vindication for officials at the U.S. central bank who have viewed the recent energy price spike as having a temporary effect on inflation.”

http://finance.yahoo.com/news/Core-inflation-rises-mildly-rb-3558717487.html?x=0&sec=topStories&pos=main&asset=&ccode=

what a freeking joke.