Food and fuel are both included in CPI, they’re left out of core CPI because they’re noisy. Food CPI alone for the past year is at 2.2, and gasoline is at 1.3.
Also for the latest release, core CPI is 3.8, while including food and fuel it’s only 3.5. Because the cost of fuel oil and utility gas were both over 3 percent negative.
Food and fuel are both included in CPI, they’re left out of core CPI because they’re noisy. Food CPI alone for the past year is at 2.2, and gasoline is at 1.3.
Also for the latest release, core CPI is 3.8, while including food and fuel it’s only 3.5. Because the cost of fuel oil and utility gas were both over 3 percent negative.