A Long-Term Look at Inflation
Doug Short | Jan 20, 2012 04:09AM ET
The January 2011 Consumer Price Index for Urban Consumers (CPI-U) released today puts the December year-over-year inflation rate at 2.96%, which is a full percent below the 3.96% average since the end of World War II.
For a comparison of headline inflation with core inflation, which is based on the CPI excluding food and energy, see this Shadow Government Statistics , offers provocative analysis on a range of government statistics. While I do not share his hyperinflationary expectations, at least not based on current economic conditions, I find his skeptical view of government data to be filled with thoughtful insights.
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