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Re:US inflation jumps to 3.8% as energy costs surge from Ira... by stuaxo on Tuesday May 12, 2026 @10:26AM (#48108789)
Ah fuel and food - those classic unimportant things.
Re:US inflation jumps to 3.8% as energy costs surge from Ira... by jcranmer on Tuesday May 12, 2026 @10:38AM (#48108962)
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.
Re:US inflation jumps to 3.8% as energy costs surge from Ira... by array_key_first on Tuesday May 12, 2026 @11:18AM (#48109594)
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.