Among the many disconcerting leaps of logic taken by the federal government is the omission of food and fuel prices from its measures of the consumer price index — inflation. Somehow that doesn’t ease the bottom-line purchasing pain at the grocery store and the gas pump.

OK, so as of Friday, the average price of a gallon of regular had fallen by more than 30 cents over the last month.

Still, that was more than 6 cents higher than it was on that date a year ago — and nearly double what it was in early 2008.

Read it all.

Filed under: * Culture-Watch • Dieting/Food/Nutrition • * Economics, Politics • Economy • Consumer/consumer spending • Corporations/Corporate Life • Personal Finance • The U.S. Government • Energy, Natural Resources

The URL for this article is http://www.kendallharmon.net/t19/index.php/t19/article/46263/

© 2013 Kendall S. Harmon. All rights reserved.

For original material from Titusonenine (such as articles and commentary by Dr. Harmon) permission to copy and distribute free of charge is granted, provided this notice, the logo, and the web site address are visible on all copies. For permission for use in for-profit publications, please email KSHarmon[at]mindspring[dot]com