[RKBA Democrat]

“Sure, our inflation is worrisome, but it’s almost entirely an oil- and food-related phenomenon.”

O-kaaaaaay. Other than food, transporatation, and housing what do people spend their money on anyhow?

I have a suggestion. Let’s redefine core inflation to exclude housing, food, clothing, and transportation, and of course, taxes. We’ll just measure inflation based on the cost of cell phone service and cable. Burt only if it doesn’t go up by more than .1%. But since we have a “core” inflation number already, we’ll have to rename this new index the “really, you-can-believe-us,-we-wouldn’t-lie-to-you” inflation index. (/s)

[bjs1779]

O-kaaaaaay. Other than food, transporatation, and housing what do people spend their money on anyhow?

I got myself a DVD player and drove down the price of inflation way down.

[Ilya Mourometz]

I have a suggestion. Let’s redefine core inflation to exclude housing, food, clothing, and transportation, and of course, taxes.

Unfortunately, "core inflation" already excludes all energy costs (gas, oil, electricity, etc.), and all food costs. That's why it's such a joke. For more eye-opening revelations about what a crock the numbers are nowadays, check this site:

http://www.shadowstats.com

[OeOeO]

I've heard it explained, that it's not inflation because with energy prices up consumers have no money to consume other consumables.

Whenever someone mentions the supposedly extinct buggy whip industry I think it's counted the Consumer Price Index.