Divergence between the US economy and the eurozone is one of the biggest economic stories of 2015. Among other diverging economic measures, the eurozone has been sinking into deflation, while this concern is far less in the US. That's only because they measure inflation differently, according to Societe Generale's Albert Edwards. The US Bureau of Labor Statistics excludes components with volatile price fluctuations like food and energy to get the "core" consumer price index reading. In the eurozone, core CPI also excludes shelter. If the BLS removed shelter from core CPI, US inflation would look completely different: ... (full story)