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tedmcory77 | 2 years ago

These are lies; they keep changing the basket of goods to not reflect the reality of what's included. FTFA: "Excluding food and energy"

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WalterBright|2 years ago

Recently, bell peppers at the store went from $.99 to $1.29. That's 30% inflation.

The WSJ also wrote about how the government inflation figures understate inflation, because of things like:

1. shrinkflation - the container has less food in it for the same price

2. unbundling - the extras become extra cost items (a big example of this is luggage fees being separate from the ticket price)

https://www.wsj.com/articles/shrinkflation-is-in-the-air-onl...

Inflation is significantly higher than the government figures.

robertoandred|2 years ago

No, that's your store charging more for bell peppers.

sp332|2 years ago

I know it's unhelpful, but it's not new. "Core" inflation leaves those out because they change too rapidly to be useful as trend indicators.

zeroonetwothree|2 years ago

The top line CPI that gets reported usually isn’t the core one anyway. Generally core is preferred by the Fed so they can make long term money supply decisions without worrying about short term volatility. No one is saying that core reflects what consumers experience.

ketchupdebugger|2 years ago

according to https://www.bls.gov/cpi/ For the past 12 months, energy actually was negative. While food at home rose 1.3%. These wouldn't contribute significantly to the overall numbers

WalterBright|2 years ago

My electric bill says otherwise.