Money Losing Power

 In Israel, the main categories in the consumer price index are Housing (25.2 percent of the total weight) and Transport and Communication (20.6 percent). Food accounts for 16.5 percent; Education, Culture and Entertainment for 11.7 percent and Dwelling Maintenance for 9.7 percent. Others: Health (5.2 percent); Miscellaneous Goods and Services (4.3 percent); Furniture and Household Equipment (3.7 percent) and Clothing and Footwear (3.1 percent).  Official inflation rates, therefore, refer mostly to items that are of no interest for this old man. I am not in the Housing,  Communications, Furniture, or Education markets. Only Food and Health are relevant for me. On the other hand, all affect my daughters and indirectly, me.