Some bozo keeps talking about the CPI as the main measure of inflation. I think paying to attention to CPI is a complete joke. Money or credit expanding far above the economy's real level of gdp will generate some kind of inflation. Our society has decided that inflation in certain things is permitable while others are not. Instead of bitching about oil being high, I want to bitch about houses being high. Oh wait, we cant borrow against oil in order to fuel consumption. The fed blows bubbles and then watches them deflate leaving behind a wrecked financial system.