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stuaxo 4 hours ago

Ah fuel and food - those classic unimportant things.

jcranmer 4 hours ago | parent [-]

Fuel and food are excluded from core inflation not because they're unimportant (they are in fact incredibly important) but because they are much more volatile in price--going up and down in bigger increments--so that you get a more stable view of inflation by excluding them.

array_key_first 3 hours ago | parent [-]

But it's a bit of a nasty trick because food, in particular, has inflated in price a lot the past 3 years. Some items, like sugar, are legitimately double the price they were.