Not sure if this is known by the masses here but when the Gov. figures inflation, it does not include Fuel and Food! The two things Americans use the most!
Really? The average food bill for a family of 4 is $200 per week on a moderate plan. The average fuel bill for a family of 4 is $150 per week.
The average income for a family of 4 in the US is $1500 per week. That makes food and fuel combined just under 25% of the total weekly budget. The rest is 75% of what most Americans use most.
The government doesn’t use food and fuel as a major part of the inflation analysis because it is too volatile on a short term basis. The durable goods costs are what indicates true inflation rates over longer periods of time.