Prices Higher Than They Tell Us

The measure of inflation, the Consumer Price Index, was put at 3.1% for 2011. However, the American Institute for Economic Research has released an alternate index, narrowing the scope to items purchesed by the average consumer every month, leaving out “big-ticket items” like cars, computers, and furniture. According to this index, the prices for food, beverages, fuel, power, and prescription drugs rose 8.1% in 2011.

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