[tacticalogic]

How much of that is apples and oranges? Somewhere in that history the government took commodity prices like food and fuel out of the calculations.

[mad_as_he$$]

Off the top of my head I recall it was Slick Willie that made the first move but W did some refinement.

[Huck]

IIRC, food and fuel ARE including in core inflation figures, but not in CPI.

[MulberryDraw]

“How much of that is apples and oranges? Somewhere in that history the government took commodity prices like food and fuel out of the calculations.”

---

“Shadow Government Stats, which calculates the CPI the way it was calculated by the government in 1990, has annualized CPI at 11.2% versus the current BLS number of 3.6%.”

http://www.economicpolicyjournal.com/2011/06/shadow-stats-price-inflation-at-112.html