No inflation if you don't eat or drive

[mahatmakanejeeves]

No inflation if you don't eat or drive

According to the government's most recent Consumer Price Index, a key inflation reading, consumer prices rose 3.9% in the 12 months ending in April, down slightly from the 4% annual inflation rate in March despite record gasoline prices.
....

Part of the disconnect may be due to the fact that nondurable goods, such as food and gasoline, makes up only 12% of CPI.

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 very important part of household budgets. And those prices have been skyrocketing: Gas prices were up about 21% over the 12 months ending in April.

However, due to seasonal adjustments in the CPI, the government reported that gas prices were down 2% in April, even though on a non-adjusted basis, gas prices rose 5.6% from March.

It's not just Bush. They've been doing this for years.

[panader0]

1. I don't eat.

I plan to resume eating soon, after I get my dental work donr in Mexico, now that I had to pay $80 to get a copy of my birth certificate. Need that to get back across the line.

[dweller]

2. and just this morning on what is known as 'the news'

a segment on restaurants of the future aired ... beginning w/ an intro "americans eat out on average 5 times a week" and i muttered 'like hell' .

highlights: a pasta vending machine, a wine doggie bag (yep, a ziplock baggie big enough to carry the remains of your bottle of wine sans bottle, wine flavored sorbet, talking menus, and the bestest of best innovation, a little electronic device on your table that you pushed a button on that summoned your waitperson via a beeper the wait wore on their wrist !! :eyes:

if this is what we have to look forward to, then i'll starve in peace at home in good health.
dp

[Art_from_Ark]

3. There is also higher education, which is going through the roof

not to mention insurance, which is also skyrocketing.

But, hey, cheap plastic crap is still cheap.