CBS Money Watch is starting to realize that inflation is high, once you add the price of gas and food,
Inflation: Not as low as you think
Forget the modest 3.1 percent rise in the Consumer Price Index, the government’s widely used measure of inflation. Everyday prices are up some 8 percent over the past year, according to the American Institute for Economic Research.
The not-for-profit research group measures inflation without looking at the big, one-time purchases that can skew the numbers. That means they don’t look at the price of houses, furniture, appliances, cars, or computers. Instead, AIER focuses on Americans’ typical daily purchases, such as food, gasoline, child care, prescription drugs, phone and television service, and other household products.
Over the past year, the EPI is up just over 8 percent, according to the economics group. The biggest factor: Motor fuel and transportation costs are up 21.06 percent from year-ago levels. The cost of food, prescription drugs, and tobacco also have increased faster than the government’s inflation measure, rising 3.56 percent, 4.21 percent, and 3.4 percent, respectively.
Not that you didn’t know that already, but it’s good that that arm of the vast right-wing conspiracy, CBS, finally starts to notice.
At Big Journalism,
In Memoriam: Andrew Breitbart (1969-2012)
With a terrible feeling of pain and loss we announce the passing of Andrew Breitbart.
Andrew passed away unexpectedly from natural causes shortly after midnight this morning in Los Angeles.
We have lost a husband, a father, a son, a brother, a dear friend, a patriot and a happy warrior.
Andrew lived boldly, so that we more timid souls would dare to live freely and fully, and fight for the fragile liberty he showed us how to love.
Ben Howe got personal confirmation.
Here’s his speech at CPAC 2010:
Stacy reminds us that Andrew was pro-life since he had been adopted.
Sarah has a roundup.
Bosch Fawstin’s poster: