... because according to the Fed, there's no inflation... discounting food and fuel (and who needs that!!)
food and fuel are not discounted in the CPI numbers. They are ignored in the monthly figures, because the price of food and fuel swings wildly from month to month for cyclical and other reasons having nothing to do with the underlying economy.
Their movements are averaged in to get a somewhat fuller picture each month which is published separately from the core inflation numbers.