Inflation Rates
I love the way economists rationalize inflation rates. Look at this report:
Outside of the volatile energy and food categories, so-called core inflation rose a modest 0.1 percent, the fourth straight month of small gains at this level.
In other words, if you and your family don't eat food, don't ride in your car, and don't heat your home, your inflation rate rose a modest 0.1 percent. I guess if you are a selfish American and eat, drive and heat you will sustain an inflation rate for the past two months of 1.0%. Isn't that wonderful? Guess this is a good time for me to go on a diet and walk to wherever I need to go.
Outside of the volatile energy and food categories, so-called core inflation rose a modest 0.1 percent, the fourth straight month of small gains at this level.
In other words, if you and your family don't eat food, don't ride in your car, and don't heat your home, your inflation rate rose a modest 0.1 percent. I guess if you are a selfish American and eat, drive and heat you will sustain an inflation rate for the past two months of 1.0%. Isn't that wonderful? Guess this is a good time for me to go on a diet and walk to wherever I need to go.
posted by Sam Schoolsky | 9:27 AM
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