Cyrillic Partners

There’s a neat article in the April 14 Fortune by Elizabeth Spires that lays out a case for the government consistently under-estimating inflation by focusing on “core” inflation instead of increases in the overall Consumer Price Index (CPI) as a means of screwing Social security recipients.

It’s a fun column, that tackles the complexities of inflation measurement with aplomb and wit, while explaining the great importance of knowing exactly how much more we pay for various goods and services. Spires compares the use of the core inflation rate–which she says ignores increases in food and energy prices–to the government saying that aside from the casualties, fighting and troops deployed in Iraq, there really is no war.

We wrote about government inflation reports some months ago. 

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