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Food and energy have very high variance. The Fed uses core CPI, which excludes food and energy, as an important gauge of price changes. The data I quoted was th
by kotlin2 4y ago
Food and energy have very high variance. The Fed uses core CPI, which excludes food and energy, as an important gauge of price changes. The data I quoted was the core CPI data (also from BLS). To use the non-core CPI numbers for the last two months is really cherry picking, especially with how much energy costs were down last month.