Er...
Damn. That's really going to whip the deflation nutters into a frenzy.
Clearly something is wrong with these measures. And who cares about the inflation in Cleveland anyhow?
Let's see if we can filter the data to get a truer picture of what's going on...
That's better.
Now let's take a look at the headline CPI data (the one that includes food and energy, which some Washington bureaucrat apparently thinks we don't need) plotted in a year-over-year fashion. This one is unfiltered:
As you can see, overall inflation has been making quite a comeback recently. Since this data is more accurate than the previous set, I'm not going to take the time to filter it; I'd simply advise the reader to ignore the slowdown in the past couple of months.
That's all for now. I'll try to update this post later with a bunch of links to sites where you can buy gold online.
