From the Wall Street Journal:
What is different today is that the Fed now takes food and energy prices out of the inflation measure and instead reports what it calls "core inflation." Thus we're told inflation is only 2.7%.What the hell? Why would you exclude food and energy? These are two of my biggest expenses every month and they have skyrocketed due to President Bush's insane policies. But he doesn't care...he just takes those things out of the equation so it all looks good.
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Dollar users do not experience "core" inflation. What people purchase every day is precisely what is excluded from the core measure. For parents with growing children, milk, eggs and bread are not optional purchases. For millions of Americans, especially in the West, a long daily commute by car is a reality.
