Continuing the theme of deflation in discretionary items and inflation in necessities comes this note from investment research firm The Leuthold Group:
[Year to date], the only deflationary CPI subset is Apparel (-6%). Medical (+4%), Food & Beverage (+1%), Housing (+1%), and Transportation (+4%) are inflationary.
How is your 0.25% savings account treating you, Grandma? Pass the Alpo!