Shell games

[wlach]

Two interesting stories on cbc.ca today, on the soaring prices of grain and gasoline, respectively. Conveniently, of course, these two necessities aren't factored in to the measure of inflation ("core inflation") that central banks and governments use when making decisions. Ah well, what's an extra $50 a month (or so) to the people that really

Comments

[girlintheclouds]

cute!

you know, i think you were in my dream the other night... monday night, perhaps? i can't remember the circumstances, but it was a nice 'visit' :)

[wlach]

Cool! I hope things are going well for you in Winnipeg.

[caffeinemonkey]

It's not that goods like grain and gasoline aren't factored into core inflation, it's that they're considered indirectly, by how they affect the prices of other goods. If gasoline is more expensive, shipping is more expensive, so your produce that comes shipped from California to Montreal is going to be more expensive, which ultimately will affect inflation. Similarly, if grain is more expensive, bread will become more expensive, etc