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
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