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AnimalMuppet 4 hours ago

I think you're misinterpreting that. Everything other than food and fuel went up 2.8%. Everything (including food and fuel) went up 3.8%. Therefore food and fuel went up more than 3.8%.

b40d-48b2-979e 4 hours ago | parent | next [-]

     Therefore food and fuel went up more than 3.8%.
We can see that advertised on every corner, too. Gas costs for me locally went from $3 pre-war to over $5 now. My "investment" in EVs and solar is feeling really good right now.
blochist 4 hours ago | parent | prev | next [-]

This. Energy is up 17.9% and energy commodities (oil, gas, etc.) 29.2%. See the CPI release: https://www.bls.gov/news.release/cpi.nr0.htm.

giantg2 4 hours ago | parent | prev [-]

I think you're misinterpreting me. The overall inflation increase attributed to food and fuel increases is 1%.

AnimalMuppet an hour ago | parent [-]

I still don't think that's right.

You have food and fuel, which is some fraction of the economy - call that F. You have a rate of inflation in fuel and food - call that f. And you have a rate of inflation in everything else - call that e. Then you have

  3.8 = e(1-F) + fF.
You also have e = 2.8.

I think what you're claiming is that fF = 1.0, so that e(1-F) = 2.8. And I think that's wrong. When they say inflation apart from food and fuel is 2.8, they mean e, not e(1-F).