Did you know that gas prices are down 47% since May?

[Ricter]

Quote from Tsing Tao:

Here you go, El Matador. Don't just take my word for it. Go check out the government's food price index:

http://www.bls.gov/cpi/cpid1205.pdf

Pay close attention to "FOOD" and "FOOD AT HOME".

Notice all the "declines". Oops.

From the May 2012 paragraph:
"The food index was unchanged,
with a slight decline in the index for food at home offsetting an increase in the food away from home index."

Ok, prices are sticky. Nevertheless, a slight decline in at-home food prices is still a decline. (Must have been because of the "disinflation" the Fed was engineering a year ago.)

Anyway, couple this with the decline of gasoline, and next to no inflation in the rest, and it's looking very good for the American people and Obama.