Outside those volatile categories, inflation stayed tame.
But outside those volatile categories, inflation was mild.
WASHINGTON (AP) — Americans paid more for food and energy in February, according to a government report released Thursday, but outside those volatile categories inflation was tame.
Without those two volatile categories, "core" inflation was lower, at 2.4%.
The Morningstar category for inflation-protected bond funds shows that they have returned 11.5percentt, on average, in the last 12 months.
Recent research developed by Ralph Whitehead at the University of Massachusetts reveals that since 1973, the median income of male wage earners in this category, adjusted for inflation, has actually declined by $2 an hour.
So they invent new categories; that biases inflation towards zero.
In categories other than inflation, Estonia scored well in the central bank's biennial Convergence Report, which assesses the progress that countries in the European Union, but not the euro, are making toward economic harmonization.
Lately, though, they have not: stripping out the volatile food and energy categories, underlying PCE inflation dived to 1.1% in March, while core CPI inflation has stabilised around 1.9% (see chart).If inflation really were falling so fast, alarms would be ringing at the Fed, since deflation may not be far behind.
But there would be cuts in most other categories after accounting for inflation.
