7.27.2011

Lies, Damn Lies and Statistics

Did you know that food and energy costs are not included in the Consumer Price Index statistics the federal government uses to measure inflation? Food and energy. I'm guessing next to housing, food and energy (natural gas, electricity, fuel for your car) are probably your two greatest expenses each month, and yet increases in such commodities are not factored into inflation statistics. Leaving aside the price of gasoline, have you priced a gallon of milk lately?

Why do you suppose those numbers are excluded?

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