Several people (Muckdog, amongst others) think there is very little "core" inflation.
Putting aside the absurdity of ignoring food and energy for a moment, lets take a long term look at price increases WITHOUT food and energy, courtesy of Investech’s Jim Stack.
Hmmmm, what do you think? Can you look at this chart and say there very little Core inflation?:
I prefer a logarithmic chart for longer time periods like this . . .
but Stack’s chart makes the point pretty clearly: Since the Fed took
rates down to 1%, we first reflated, and now we have price inflation.
I got your yer god-damned core right here . . .