"Inflation is going down if you don't count gas and food." It's a lie. The Council Bluffs Cowboy clarified Joe's bumbling nonsense.
"The all-items inflation rate represents everything people spend money on: haircuts, plane tickets, medical care, clothes — you name it. But, that number is puffed up by the pesky necessities — food and energy. So those two categories are discarded when calculating the core inflation rate."
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