when computing the consumer price index for the U.S. is fuel and food left out. what else is not included?

Question

I've been told that fuel and food is not taken into account when the government figures the C. P. I. Is that correct and what else is not taken into account?

Answer 1

Yep, another skewed statistic that is used to keep us sheeple thinking everything is fine. Another thing they don't include is the cost of insurance (health, life, house, car)

The government is currently reporting year to year inflation of below 1.9%. Anyone who buys groceries, or pays utilities or insurance, knows that inflation is running rampant. Yeah, I can still buy cheap socks, but I can't heat my house with cheap socks, nor can I feed my daughter.

The damage caused by this is that our politicians think all is wonderful, when it most definitely is not. When you apply the real CPI (estimated between 6-8%) to our Gross Domestic Product, it quickly becomes apparent that our economy is SHRINKING, which will bring a loss of standard of living and a huge loss of JOBS.

But hey, as long as they keep lying to us (unemployment rate, GDP that includes products not made here and fake inflationary rate) then nothing bad can happen right?

Ha. My prediction on our "strong economy". In the first quarter next year, look for more massive layoffs/off shoring, a huge increase in small company layoffs (that are never reported) and a raging increase in bankruptcy filings.

Think it's tough now, just wait. Fun times are coming.

Answer 2

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.