Prices are going up. There’s just no way around that. Just about everything is more expensive, from gas to fuel to clothes; almost everything you buy on a normal day has gotten more expensive. Yet the official word from the Obama administration is that prices are rising only slightly, under 3% which is not unusual for normal economic conditions.

What’s going on?  Why don’t they see what we feel in our wallets every day?  Newsweek, of all places, reports on how this works and why the Consumer Price Index (CPI) is broken: