The “core” stuff I have to purchase/pay to live:
1. People Food and Doggie Food (don't get me started);
2. Gas ($1.85 November 2008 now $4.00);
3. Clothes (well ladies’ clothes are always going up);
4. The dogie doctor (letter explaining how ObamaCare affected them);
5. Taxes in general and in particular Property Taxes, Fees etc. (OK, I live in Chicago); and
6. Utility Bills (mainly cable)
have gone up. So, I am so very happy that that the Fed's CPI is 0% and that they are not MONEY PRINTING!!!!
Understand that the zero is just this past month -- it's following previous higher monthly jumps. Over all prices since last year are up 1.7% --and likewise for the "core" index figured without the food'n'energy.
OK, so we all need food'n'energy but what happens is that the problem of all-item prices is that most of the price swings are food'n'energy while most of our shopping is other-than-food'n'energy. fwiw, while this past month's core was zero, August's food'n'energy prices went down so much they lowered the overall August price average down to -0.2%