Jeff Saut at Raymond James said;

Verily, we think the nation’s embedded inflation rate is likely closer to the dollar’s decline over the past five years (some 30%), implying a 6% inflation rate per year, rather than the re-jiggered CPI figure comprised by the government’s gear-heads. Plainly, anyone living in the real world knows the current inflation rate is higher than the laughable 1.9% (estimated) core rate to which the government keeps referring.

I'm glad we are not the only one who believe the CPI data is seriously flawed. Inlfation is clearly out of control. If you don't believe it, look at the impact it is having on average American's who shop at Wal-Mart.