I went and picked up dinner from a local Italian Restaurant (Spuntino's in Temecula, CA.) and I was informed that they had to raise their prices. Why? Because food costs had gone up and they had to raise their prices. It was the first time they raised their prices in many years. I know that the official inflation rate is low, but not when I go to the market, or the gas station, and now my local eatery. I think the FED, the government, and Wall Street need to measure inflation like all the rest of us do, by what we actually spend!
What do you think?