No inflation if you don't eat or drive [View All]

[Liberal_in_LA]

Posting this just cuz I like the title... part of an article.


http://money.cnn.com/2008/05/13/news/economy/misery/index.htm?postversion=2008051316

No inflation if you don't eat or drive

(***SNIP***)

In addition, food and energy prices are eliminated from the so-called core CPI, which many economists tend to focus more closely on because they claim food and gas prices are volatile.

But food and energy costs are a part of household budgets that are very important to consumers. And those prices have been skyrocketing: gas prices were up about 25% over the 12 months ending in March while food prices rose 4.5% over the same period.

To that end, nearly half of the respondents of a recent CNN/Opinion Research Corp. poll said inflation was the biggest problem they face.