So....they say that "inflation" rose only 2.4% in the last year..does ANYONE believe this?

[n2doc]

http://www.marketwatch.com/news/story/income-spending-growth-slow-september/story.aspx?guid=%7BC30E840A%2DC89D%2D4991%2DA4A7%2D45FC65868662%7D

snip:
Meanwhile, inflation was steady in September.
The personal consumption expenditure index, which Federal Reserve officials say is a more accurate gauge of inflation than the better-known consumer price index, rose 0.2% on the month. The core rate of inflation - which excludes food and energy prices - also rose 0.2%, as expected.
In the past year, the PCE price index has risen 2.4%, while the core PCE index was up 1.8%, the same as the previous month. Fed officials have adopted a loose, informal target for core inflation of 1% to 2%.




BULL.... Why anyone would believe an index that does not include energy costs, one of the biggest expenditures in any household, is absurd.