Not so much, really. Kevin Drum (and others) have pointed out that the Core Inflation Rate (CIR) is at its lowest point in the last 50 years. CIR does not include food or energy so here's a graph of the food prices over the last 10 years:
There's also no hint of rampant inflation in the energy prices:
All data from BLS
Friday, February 11, 2011
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