Does it irritate anyone else when the media refers to inflation in terms of goods? (ie Food inflation, oil inflation). There is no such thing as food or oil inflation. Inflation is a economic term that effects the entirety of the economy not only certain goods and not others. Inflation is when too many dollars follow too few goods and prices rise as a result. A lot of people seem to think inflation is defined purely by the rise in prices not in terms of monetary policies. That is like defining a car's air bag by saying it saves lives (the result of the air bag not the definition). I think its funny that since I've become a supporter of Ron Paul I've noticed these small things mostly because I'm no longer ignorant of such issues. Although, I'm not sure if I believe that the rise in gas prices are purely due to inflation. I just can't imagine of an inflationary rate of over 25% (If thats the case our country is in much more trouble than we think). Consequently, I'm sure "food inflation" isn't caused purely by the cost of oil and taking food off our plates to put in our gas tanks as the media portrays. Can anyone cite a resource concerning the cost of oil that puts my doubts to rest?