My brother in law is a cracker jack financial advisor who has been helping hundreds of fortunate clients manage the recession. The title of his blog this week was “No Inflation Unless You Eat“. Apparently, the Fed omits the price of food when calculating the Core CPI but as Jay points out, “most of us don’t live in a core world.” I can appreciate his issue with the numbers and the underlying increase in food costs but it also caused me to think about all sorts of food and income related issues.

Bloomberg Inflation Chart

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