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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (135548)	8/8/2013 9:06:10 PM
From: tejek	Read Replies (1) \| Respond to of 149317

Doesn't matter if she's paying too much for chicken. You are missing the point. If the same chicken she bought a few days ago is the same brand, quality, and type as she bought 4 years ago, but the price doubled, then she has experienced massive inflation. That's the point. Whether or not she buys expensive chicken has nothing to do with the rate of inflation of that chicken. First of all you are relying on her memory. She may be wrong. Secondly, chicken prices may have doubled at Target but that doesn't mean they have doubled for the rest of the world. In fact, chicken prices are going up because last year's drought in the Midwest and TX are pushing up prices on feed. However, as RW pointed out its 12%, not 100% for 4 years or 25% per year. RW posted that chicken prices increased by 12% since last year. That doesn't sound to me like 2% or less inflation that the BLS claims. Chicken is one element in the food component making up the consumer price index. It could be up 12% for one year and the overall blend could still be at 2%......which is not that unusual. The highly manipulated oil markets can go up significantly and still overall inflation remains tame.