New High: 93% Say They're Paying More for Groceries Than A Year Ago

In the No $hit category, Americans are paying more for groceries than they did last year.  But, but, but, I thought Bernanke said inflation was "transitory"?  Readers of this blog and others have for years figured out official BLS CPI data have been understated.  But hey, we're all just stupid zombie consumers with maxed out credit cards, right? 

http://www.rasmussenreports.com/public_content/business/general_business/august_2011/new_high_93_say_they_re_paying_more_for_groceries_than_a_year_ago

Americans nationwide continue to lose faith in the Federal Reserve Board to keep inflation under control, with the number who say they are paying more for groceries now at an all-time high.