[paulmendoza]

Keep in mind that “inflation” as defined by the fed doesn’t count food, energy and asset prices. Who can live a day without eating food, using energy for driving or powering appliances and finally paying for a place to live.

Basically I paid $76 at KFC the other day to feed 6 people. Inflation is here already but it doesn’t show up in the fed numbers.

[dragonwriter]

> Keep in mind that “inflation” as defined by the fed

There is no such thing; the Fed doesn't define or measure inflation.

> doesn’t count food, energy and asset prices.

The primary inflation measures from the BLS (the various forms of the CPI) do include the first two things; they don't include asset prices.

> Who can live a day without eating food, using energy for driving or powering appliances and finally paying for a place to live.

The cost of having a place to live (rent, including imputed rent) is, like food and energy, included in CPI.

[refurb]

Keep in mind that “inflation” as defined by the fed doesn’t count food, energy and asset prices.

Yes, inflation does count all those things. At least if you regard housing as an asset (inflation of implied rent).

I mean the definition is public. Not like anyone is hiding anything.

https://www.bls.gov/opub/hom/cpi/