DeludedRaven OP t1_jef7fk1 wrote on March 31, 2023 at 3:58 PM

Reply to comment by drblah1 in ELI5:Why do we exclude the price of things like Food, Housing and Energy costs when looking at the total number for inflation? by DeludedRaven

So in terms of placing an accurate number on inflation as felt by the consumer its best to look at the price of groceries, energy etc?

I see your point on housing.

DeludedRaven OP t1_jef70eg wrote on March 31, 2023 at 3:56 PM

Reply to comment by phiwong in ELI5:Why do we exclude the price of things like Food, Housing and Energy costs when looking at the total number for inflation? by DeludedRaven

But wouldn’t things like food and the cost of energy be critical to calculating total inflation?

These are items that we simply cannot go without. I understand they’re volatile but at the same time people need to eat no matter what. They can stop buying television, they can’t stop buying loaves of bread. Either way I’ll check out the article. Thank you!

DeludedRaven OP t1_jef690t wrote on March 31, 2023 at 3:51 PM

Reply to comment by theBarneyBus in ELI5:Why do we exclude the price of things like Food, Housing and Energy costs when looking at the total number for inflation? by DeludedRaven

I was reading a NYT article and often times on the graphs they have inflation separated from inflation on things like food and energy.

If you combined the two inflation would be something like 12%

But they only have it as 6%.