The article discusses inflation and the Consumer Price Index, focusing on the causes, costs, and current status of inflation. It also explores the differences between core and headline inflation, as well as the impact of food price inflation on consumers. The study examines the inclusion of inflation-indexing elements in federal entitlement programs and considers the possibility of a separate Consumer Price Index for the elderly. Additionally, it introduces the concept of the Chained Consumer Price Index and its potential use for cost-of-living adjustments. The article suggests using a different measure of inflation for indexing federal programs and the tax code.