Interesting article in today's Chronicle titled CPI is More Miss Than Hit for Prices by Sam Zuckerman. It seems like there is a huge disconnect between real world inflation and government statistics showing moderate inflation.
Things are just plain getting more expensive. This is what happens when we try to bail the housing mess out with lower and lower interest rates. What we're really trying to do is inflate away the debt burden, but it comes back and hits us with higher prices in other things, like my small M&M's and small Fiji water for $6.25 at the movies today. Wow."Most people do not believe the numbers"-- Oakland Economist John Williams