Inflation figures are crap.. they don’t include energy or food … hmmm two things that are mandatory to spend on to survive… and two things that have very high inflation.
Wrong. Actually, the government reports Inflation, which includes food and energy as well as Core Inflation, which excludes food and energy. The reason is that food and energy prices are more volatile. It’s not that they believe those don’t matter, they just bounce up/down a lot faster than other prices. Long sustained period of rising energy prices eventually manifest themselves in the core inflation numbers because of production and transportation costs.