Nobel economist Paul Krugman gets trolled for saying inflation is over if you just exclude most of what people buy

• Paul Krugman was mocked for declaring inflation is over based on a heavily adjusted measure.
• The Nobel economist shared a chart that excluded basics like food, energy, shelter, and used cars.
• Krugman admitted he was "too flip" but pointed to other yardsticks showing price growth has slowed.

Paul Krugman was widely trolled on Thursday for saying that if you just ignore food, energy, housing, and used cars — unavoidable costs for many Americans — then the period of surging prices has passed.