A Note on Core Inflation

OK -- raise your hand it you DO NOT

- Buy food

- Eat at a restaurant

- Cook food

- Drive a car

- Use electric power

- Consume energy in any way, shape or form.

For those of you who raised your hands, put them down because you're lying.

There was a lot of talk about the tame CPI number yesterday. That's all well and good, but the last time I checked everybody eats food and uses energy in one form or another. That means the total CPI number is the most relevant to all consumers.

End rant.