FYI - Pricing for gasoline is a major category used
by U.S. Labor Department's Bureau of Labor Statistics (BLS) in calculating inflation but their volatility is also why they are excluded when the agency calculates core inflation rates. Food is always not used in the core calculations, so what is? Diapers and ice cream? Jeez...
With respects, I think that the 3.1% shown is the rate in that month as measured over the preceding year, not the rate within that month alone.
ReplyDeleteYep. Very clearly says that. Our Host reads poorly and comments quickly.
DeleteWhen they say from a year ago, that means they are comparing year to year (in this case November 2022 to November 2023) so no, not 37% annually.
ReplyDeleteBut if you haven't noticed, gas prices have been squirrelly lately. Regular is actually under $3/gallon where I live, if you know the right station to go to. Still high compared to the Trump period. Only a few months ago, it was around $3.49/gallon. So lots of price volatility these days.
And also notice the Biden assholes report their general inflation numbers, but they usually have things like energy, food, and housing taken out of the numbers to make them look good.