--- In [email protected], "authfriend" <jstein@...> wrote: > > > > --- In [email protected], Bhairitu <noozguru@> wrote: > > [...] > > > As I'm sure you're aware, food and gas prices fluctuate > > > significantly regardless of the money supply, so they're > > > often not included in measures of what's called "core > > > inflation." Core inflation is vastly more important for > > > the state of the economy--and it's still *very low* > > > (2.3% as of April). > > > > I should have known that if I replied to you all you would > > want to do is argue. > > You replied to me to argue, and insultingly, too. But > you can't seem to deal with what I'm saying. >
For what it is worth, the rolling average of food prices AND petroleum prices both went above 2x the 2002-2004 price late in 2007: http://www.fao.org/worldfoodsituation/wfs-home/foodpricesindex/en/ Currently, they're both about 2.5x what they cost in 2002-2004 L.
