November 9, 2010, 11:54 am
Inflation Delusions
Wow — so the official right-wing line seems to be that all the talk about falling inflation is a leftist plot — that real people know that prices of real things like groceries are soaring. I should have guessed that from the ravings of our resident troll (singular — internal evidence suggests that there is only one).
Anyway, I thought it would interesting to see how much the price of groceries has diverged from other measures of inflation, in particular the core inflation whose logic, no matter how often explained, never seems to get across.
See Paul Krugman’s blog here
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