"Come on: they leave food and energy out of the "core" rate? What BS. Look at health, energy, and food costs for the past few years and tell me with a straight face that inflation is only 4 or 5%."But they are still going to argue that low interest rates have kept housing costs very low for quite a while. And all those imports from China and Mexico have kept prices down in the stores compared to what they would have been otherwise. Threats of outsourcing have kept down labor demands for raises.Food is still inexpensive in the US--especially if you buy raw foods and cook them. Convenience foods and eating out are another story.Yes, we are all well aware that some prices seem constantly to be rising. But others seem to be moderating. Look at computers, VCRs, electronics of all kinds. You get much more for your money than you used to.People have always complained about the govt indexes measuring the wrong things. But at least they try to arrive at fair numbers.
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