“Of course, the inflation any individual faces almost surely differs from the government’s aggregate data. Outside of housing, middle-income consumers have experienced more inflation than other income groups over the past year, in part because they devote a relatively large share of their budget to energy and transportation. For the year ended in October, prices on the items consumed by the average middle-income household rose 2.1%, compared with only 1.8% for households with income of $150,000 or more, according to a Wall Street Journal analysis of Labor Department data. Over a long period, that can add up to a large difference.” Read more.

“Public Still Feels Inflation’s Pinch”
Mark Whitehouse
Wall Street Journal, November 29, 2010.

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