Subject: Re: "Inflation is defeated"
Mungofitch says, "I'm a fan of following the "MCT inflation" figures."

That is an interesting idea for analyzing (and possibly - or not - predicting) future household spending for planning purposes.

But the CPI has direct, immediate impact on inflation-adjusted bonds (TIPS and I-Bonds) and also the COLA for Social Security. Regardless of "MCT inflation" or PCE inflation (which the Federal Reserve prefers for their discussions) the CPI has the most practical impact on households that rely on inflation-adjusted income.

Wendy