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That would only tell me grocery prices...not gas prices, computer prices, tv prices, washing machines, etc. Weighting everything (and many food items, including basics like white bread, peanut butter, potatoes, have gone down in the last year) average prices haven't gone up much.I'm not the one deluded. First, PRICES ARE RISING. Just go to the grocery store and tell me they're not.
I have never ever encountered anyone who made this claim who actually understood how the figures were calculated.The inflation figures goobermint put out are spindled and mutilated - like the unemployment figures.
I am extremely confident you don't either, but I'm sure you have links to bloggers or scare-mongers or gold-bugs which will be filled with misinformation.