That’s just silly SDR… don’t you know that we are at the brink of a deflationary spiral?
BG, I believe you are misunderstanding the point of the post. SDR’s point is that prices of staples and the like have risen substantially. The fact that you use coupons, buy dented cans, etc, to reduce your shopping bill from what it otherwise would have been is not actually germane to the topic of whether prices of staples are rising in general.
By the way, we are (or at least recently were) BELOW the Fed’s newly stated official inflation target of 2%. This is because the Fed is targeting the core PCE deflator, which last I checked (this might have been Jan or so) was at 1.7% or thereabouts. (This is to say nothing of the fact that they’ve acknowledged that they will allow inflation to get higher than target in periods of high unemployment).
So however high the inflation is that you are observing, SDR, Bernanke thinks it’s not high enough.
