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To: Tony Viola who wrote (90389)	10/15/1999 10:33:00 AM
From: John Hauser	Read Replies (1) \| Respond to of 186894

PPI basically says that if you're a smoker who drives a lot of miles in a leased car, your cost of living has increased significantly. lol, JH

To: Tony Viola who wrote (90389)	10/15/1999 10:51:00 AM
From: GVTucker	Respond to of 186894

Tony, I have always thought that the various 'core' rates are silly. Think about the normal core rate--ex food and energy. I guess if you don't eat or drive that one is applicable. Today it is ex-tobacco and cars. Of course, the only reason that is the case is because they were both up last month. Of course, if you had eliminated those two from previous numbers, inflation would look much worse, but that wouldn't fit what some people would want to see, so we don't hear about that. Inflation statistics, just like any other statistics, can be manipulated any way you want. Keep Disraeli's words about statistics and lies in mind. In the end, the best indicator of inflation is the 30 year bond, which hasn't seen yields this high in about 2 years.