That's the annualized month-over-month change in the CPI-U ex food and energy (for the just released September number over August). The above graph is the month-over-month changes (annualized) since the beginning of 2008.
What is the point of CPI without food end energy? So far in 2010, the price of crude oil has increased by 27%, of corn by 63%, of wheat by 84%, of sugar by 55% , and of soybeans by 24%. Most of these increases are due to QE, more of which is being "justified" due to the "deflation" in CPI which excludes these basic footstocks and energy. The only thing deflating is real estate "value."
What is the point of CPI without food end energy? So far in 2010, the price of crude oil has increased by 27%, of corn by 63%, of wheat by 84%, of sugar by 55% , and of soybeans by 24%. Most of these increases are due to QE, more of which is being "justified" due to the "deflation" in CPI which excludes these basic footstocks and energy. The only thing deflating is real estate "value."
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