You are right Scott. Looking at it the way I was is really not the way to do it. Inflation like everything else is compounded.
That doesn't change the fact that a pound of Ground beef went up 11% in 2011 and is on track to raise 10% in 2012, and food in General rose 5%. But the fed still doesn't count that. So the 1.5% under Obama doesn't mean squat. Any more than the Reagan or Bush figures.

Carters years look bad because they were still counting Homes, Food, and Fuel.

Bill
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