To be fair to Krugman, food, energy, shelter, and transportation are all obviously non-essential luxuries. 🙄 And as I’ve blogged about, the media loves to hype a decrease in growth rate rather than absolute value. In other words, if something costs $100 in Year 1, $150 in Year 2, $175 in Year 3, and $200 in Year 4, they can show a downward sloping rate of inflation. Yippee! President Select Biden is a GENIUS!