ST Alpha - "Almost every time you hear about inflation, they are talking about core inflation which strips out food and oil." (Reading a Post)

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In response to "depends on what you're talking about, really." by znufrii

Almost every time you hear about inflation, they are talking about core inflation which strips out food and oil.

Posted by spamlet Nov 6 '14, 11:17

If you look at that number, inflation isn't bad.

Plus, the way substitution is done in the official figure it can underestimate food inflation even in the full in number.

Responses:

right. volatile price movements that aren't directly connected to economic activity are not as useful when analyzing macroeconomic policy. -- nm - znufrii Nov 6, 11:34 2
- 70% of our economy is consumers. What are consumers two largest expenditures? -- nm - spamlet Nov 6, 11:37
- [deleted]
where are Picassos under? -- nm - Reagen Nov 6, 11:19 1
- [deleted]

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Almost every time you hear about inflation, they are talking about core inflation which strips out food and oil.

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