Gotta love the "core inflation" number, which don't include soaring food and energy prices, and is dominated by flat to declining rental costs.
Nah, nothing to look at here folks.
Get a raise yet? You're gonna need one.
Funniest thing though is that if the 1983 change hadn't been made (replacing home prices with rental costs), the US would be reporting staggering deflation right now even as the price of goods and services soared. Now that would have been a hoot.
Bottom line - don't trust your government. Trust your own eyes.
November 15, 2007
Posted by blogger at 11/15/2007