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The graph provides two series: one that accounts for all items in the (urban) consumer basket of goods and services and one that removes food
The graph provides two series: one that accounts for all items in the (urban) consumer basket of goods and services and one that removes food and energy from the basket. What the heck?? Why would anyone do that? Do we not eat every day and face those prices? Do we not use energy to get to work every day, get out kids to school, etc. Do we not face those prices? What's up? Why does Fed, and economic forecasters, like to remove food and energy from the series they work with? Do these two series behave as expected - relative to each othe
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