4 ms·
Americans spend a significant portion of their income on food and fuel, which are excluded. Historically, these together accounted for about 15% of their income
by nerdsniper 4mo ago
Americans spend a significant portion of their income on food and fuel, which are excluded. Historically, these together accounted for about 15% of their income, probably up to 20% after recent price increases.
- zeroonetwothree 4mo agoThey are not excluded from CPI. You may be thinking of “core” inflation but the baseline CPI includes those.
- thebiss 4mo agoIt's mentioned in the lede paragraph... > The index for energy rose 3.9 percent in May, after rising 3.8 percent in April and 10.9 percent in March. The energy index accounted for over sixty percent of the monthly all items increase.