It may be a new year, but the inflation data is all too familiar. The latest Consumer Price Index (CPI) numbers from the U.S.

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The CPI mentioned above is calculated (more or less) like this: The BLS collects and averages current prices for a number of similar products within a category (e.g., cans of black beans or ...

It “strips out food and energy prices. Why? Food and energy prices tend to be more volatile than other products in the CPI mix,” noted Britannica Money. Weather, international prices and ...