The volatile food and fuel rates get hidden when lumped in with the All Items Index. So, when mixed in with the inflation numbers for hard goods such as luxury cars, first class airline tickets and manufactured items they are not noticed. That is why investment counselors and advisors are pointing out the higher inflation rates for food and fuel. Those products can quickly bring down the rate of growth when every day citizens have to spend a larger and larger percentage of their disposable income on necessities. These numbers historically creep up on the economy as politicians like to concentrate on the seemingly best news and hide the warnings and possible bad news.Maybe you should read what the BLS actually says. The ALL ITEMS INDEX is the one most published to the media, and Includes Food, and Energy. The other indexes are secondary, and is not the one being used.Your link, the one you posted above, says my analysis was spot on correct. Not my fault you have poor reading comprehension.Food and fuel are not included in the PCE rate. They are considered to volatile, however, they are things that have a great impact on lower and middle income families. Inflation in those industries are currently surging.
15. Which index is the "official CPI" reported in the media?
The broadest and most comprehensive CPI is called the All Items Consumer Price Index for All Urban Consumers (CPI-U) for the U.S. City Average, 1982-84=100. CPI data are reported on a not seasonally adjusted basis as well as a seasonally adjusted basis. Sometimes the index level itself will be reported, but it is also common to see 1-month or 12-month percent changes reported.
In addition to the all items index, BLS publishes thousands of other consumer price indexes, such as all items less food and energy. Some users of CPI data use this index because food and energy prices are relatively volatile, and they want to focus on what they perceive to be the "core" or "underlying" rate of inflation.
So you are incorrect.
Consumer Price Index Frequently Asked Questions : U.S. Bureau of Labor Statistics
Maybe you should work on your reading comprehension.
You do not need a politician or expert to tell you the price of gas is going up way faster than what the politicians want you to know. All you have to do is be buying fuel. Same for food.