Originally Posted by J Diddy
That's interesting. The BLS apparently compiles different consumer price indices, one that includes all of those things called All Items Consumer Price Index for All Urban Consumers (CPI-U) and one that excludes some of the more volatile items like food and energy along with "thousands of other consumer price indexes".
I was pretty confident that the inflation number reported by the government didn't include those things, but I have to admit that now I'm not sure one way or the other. I'm certainly less confident about the tuition and medical care part, but I'm still somewhat (but not totally) confident about the food and energy part.
"Well, it is one thing for Bill Clinton to say, I feel your pain. It is another thing for Barack Obama to say I feel your pain that I have caused." - George Will