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by harryposner 1276 days ago
They do not exclude gas prices. The Consumer Price Index, which is what most people pay attention to and to which this article refers, currently weights gasoline at 3.7% of the basket of goods it tracks.

https://www.bls.gov/cpi/tables/relative-importance/2021.htm

1 comments

Core CPI, which is what the Fed typically uses, excludes food and energy.