...the logical way to remove volatility from a variable is to use a running average for that variable, not remove it entirely.
But even doing that would not even come close to correcting the extraordinarily rendered logic of the economic big lie.
Actual inflation: in the 8% area. How many of you got 8% raises last year? How many of you made 8% on money in the bank? Are you enjoying having your pay cut and your money stolen? (Odd thing that, if it weren't for the very real probability of default, those who got home loans at the right time would be making out like bandits, though actually that's table scraps compared to the ones really stealing it.)
http://www.shadowstats.com