DANG THE FACTS, WHAT ABOUT MY FEELINGS?:

Inflation at lowest level since 1957 (Annalyn Censky, November 17, 2010, CNNMoney.com)

Consumer prices for everything other than food and energy are rising, but at a rate so sluggish, it's the smallest price increase on record, the government said Wednesday.

The Consumer Price Index, a key measure of inflation, increased 1.2% over the past 12 months ending in October, the Bureau of Labor Statistics said.

But after stripping out volatile food and energy prices, the more closely watched core CPI rose 0.6% on an annual basis -- the smallest price increase since the government started recording the data in 1957. [...]

Consumers may also be noticing their grocery bills going up, but only slightly -- around 1.4% over last year.