<story><title>Inflation rises to 6.8% year over year</title><url>https://www.bls.gov/news.release/cpi.nr0.htm</url></story><parent_chain><item><author>msandford</author><text>Core inflation excludes food and energy.  So as long as you&amp;#x27;re dead, you only experience core inflation!  Everyone else who is alive is exposed to core inflation and also the one that takes food and fuel into account.  Perhaps that&amp;#x27;s why people don&amp;#x27;t &amp;quot;buy&amp;quot; the numbers.  Because the numbers aren&amp;#x27;t representative of the reality that alive human beings experience.</text></item><item><author>boc</author><text>The BLS has a very well-documented method [1] of measuring core consumer inflation. The basket of goods they track likely does not reflect your personal consumption patterns.&lt;p&gt;[1] &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;www.bls.gov&amp;#x2F;opub&amp;#x2F;hom&amp;#x2F;cpi&amp;#x2F;&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;www.bls.gov&amp;#x2F;opub&amp;#x2F;hom&amp;#x2F;cpi&amp;#x2F;&lt;/a&gt;</text></item><item><author>wonderwonder</author><text>Based on my anecdotal experience this seems to very much understate inflation. 
How is housing up only 3.8%? This site says over 17% rent increase nationally over the last year: &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;www.apartmentlist.com&amp;#x2F;research&amp;#x2F;national-rent-data&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;www.apartmentlist.com&amp;#x2F;research&amp;#x2F;national-rent-data&lt;/a&gt; which seems to be more accurate.  Anyone with a web browser knows that home prices have experienced a monumental increase.&lt;p&gt;Also a trip to the grocery store appears to cost me 50% more now for essentially the same goods. Every trip to the store pre-covid cost me around $100, now its $150. I do buy primarily proteins so that is the source of the increase but to ignore that seems ill advised.&lt;p&gt;Not generally a conspiracy theorist but unless the people that built this report are using some accepted formula that is very different than the real world this report seems to be intentionally underselling inflation.</text></item></parent_chain><comment><author>deltree7</author><text>Core Inflation is needed so that they can apply the right monetary policy. If you want your &amp;#x27;personal&amp;#x27; inflation, they have data for that too.&lt;p&gt;Fed releases all kinds of data (unemployment and monetary) and is pretty transparent.&lt;p&gt;It is disingenuous of you (and contributing to the erosion of institutional trust of Federal institution) by falsely accusing them.&lt;p&gt;Federal agencies aren&amp;#x27;t perfect, but at least educated people in HN should take the responsibility of giving constructive criticism based on facts rather than being brainwashed by random YouTuber&amp;#x2F;Blogger who is generally clueless about economics</text></comment>
<story><title>Inflation rises to 6.8% year over year</title><url>https://www.bls.gov/news.release/cpi.nr0.htm</url></story><parent_chain><item><author>msandford</author><text>Core inflation excludes food and energy.  So as long as you&amp;#x27;re dead, you only experience core inflation!  Everyone else who is alive is exposed to core inflation and also the one that takes food and fuel into account.  Perhaps that&amp;#x27;s why people don&amp;#x27;t &amp;quot;buy&amp;quot; the numbers.  Because the numbers aren&amp;#x27;t representative of the reality that alive human beings experience.</text></item><item><author>boc</author><text>The BLS has a very well-documented method [1] of measuring core consumer inflation. The basket of goods they track likely does not reflect your personal consumption patterns.&lt;p&gt;[1] &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;www.bls.gov&amp;#x2F;opub&amp;#x2F;hom&amp;#x2F;cpi&amp;#x2F;&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;www.bls.gov&amp;#x2F;opub&amp;#x2F;hom&amp;#x2F;cpi&amp;#x2F;&lt;/a&gt;</text></item><item><author>wonderwonder</author><text>Based on my anecdotal experience this seems to very much understate inflation. 
How is housing up only 3.8%? This site says over 17% rent increase nationally over the last year: &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;www.apartmentlist.com&amp;#x2F;research&amp;#x2F;national-rent-data&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;www.apartmentlist.com&amp;#x2F;research&amp;#x2F;national-rent-data&lt;/a&gt; which seems to be more accurate.  Anyone with a web browser knows that home prices have experienced a monumental increase.&lt;p&gt;Also a trip to the grocery store appears to cost me 50% more now for essentially the same goods. Every trip to the store pre-covid cost me around $100, now its $150. I do buy primarily proteins so that is the source of the increase but to ignore that seems ill advised.&lt;p&gt;Not generally a conspiracy theorist but unless the people that built this report are using some accepted formula that is very different than the real world this report seems to be intentionally underselling inflation.</text></item></parent_chain><comment><author>jdavis703</author><text>I don’t drive, I’m mostly on a plant-based diet, and I’ve been on 100% renewable energy for years. I’m very much alive, and also am willing to believe we’re not close to double digit inflation based on my costs.&lt;p&gt;And I live in one of those high-priced metros, so I actually experienced a rent cut since everyone fled to Miami and Austin (thereby increasing prices there).&lt;p&gt;Obviously your experience may be different, but remember econometrics tracks the entire economy, not just your budget.</text></comment>