These two groups effect everything we by. Why are they NOT included just because they are "volitile?" These are the two things we all buy everyday - they are very important figures!
2007-05-28 04:37:38 · 4 answers · asked by Len N 1 in Social Science ➔ Economics
Since people are trying to replace oil with ethanol, the two are not even mutually exclusive!
Due to current gas/food increases, my guess is close to 12% this year...........but as you mentioned, the volatility would have meant it would have been something like -8% last year.
2007-06-03 14:58:15 · answer #1 · answered by Anonymous · 0⤊ 1⤋
Too bad you're wrong. Food and energy are included in inflation statistics. It is a misconception that they are not.
Take a look:
http://www.bls.gov/cpi/cpiqa.htm
So-called "core-CPI" excludes food and energy costs. You can consider it if you like, but it is not the official measure of inflation.
2014-11-03 08:44:38 · answer #2 · answered by random_man 7 · 1⤊ 0⤋
If I'm not wrong, core inflation is the inflation rate calculated excluding food and energy. However, there is also the RPI inflation rate which includes food and energy. It is calculated separately.
I think the RPI inflation rate now is 0.65% and core inflation is 2.30%.
2007-05-28 05:12:51 · answer #3 · answered by ninjaaa! 5 · 0⤊ 1⤋
3%
2007-06-03 09:05:07 · answer #4 · answered by Anonymous · 0⤊ 1⤋