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Thread: US Consumer prices rise .04%

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    Wee Nyeff
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    US Consumer prices rise .04%

    I guess if you look at the headline, it doesn't look so bad.

    If you look at the detail, however.....

    http://finance.yahoo.com/news/us-con...--finance.html
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    Wee Nyeff
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    Re: US Consumer prices rise .04%

    Error on the title, that should be .4%....
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    Re: US Consumer prices rise .04%

    Well the bank is on target and inflation is rather low, so I don't see the concern.

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    Re: US Consumer prices rise .04%

    Quote Originally Posted by Carjosse View Post
    Well the bank is on target and inflation is rather low, so I don't see the concern.
    This is what is of concern:

    Excluding volatile food and energy, core inflation was up 0.3 percent in May, the biggest one-month gain since August 2011. Over the past 12 months, core prices are up 2 percent.
    They, as usual, have taken out the items of biggest impact on those with low or fixed incomes.

    Hence why I said the details do not look good.

    Between drought and floods, general inflation and demand, getting by on the basics of life is going to put the squeeze on a lot of people.
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    Re: US Consumer prices rise .04%

    Quote Originally Posted by GottaGo View Post
    This is what is of concern:



    They, as usual, have taken out the items of biggest impact on those with low or fixed incomes.

    Hence why I said the details do not look good.

    Between drought and floods, general inflation and demand, getting by on the basics of life is going to put the squeeze on a lot of people.
    They exclude it because they are very volatile one month they could be +15% then -20% (last time I looked at that data that is what they were like) the next, it does not provide a good representation for economists and governments. Energy and food may see an increase this month but then a significant decrease the next.

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    Sage

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    Re: US Consumer prices rise .04%

    Quote Originally Posted by GottaGo View Post
    I guess if you look at the headline, it doesn't look so bad.

    If you look at the detail, however.....

    http://finance.yahoo.com/news/us-con...--finance.html
    That is quite a hike with interest rates so low and anemic employment. But all that money has to go somewhere, you know. So why not a little of it into prices?

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    Re: US Consumer prices rise .04%

    Quote Originally Posted by Carjosse View Post
    They exclude it because they are very volatile one month they could be +15% then -20% (last time I looked at that data that is what they were like) the next, it does not provide a good representation for economists and governments. Energy and food may see an increase this month but then a significant decrease the next.
    I highly disagree with your analysis!
    Each time I go to the grocery its more money for the same food.
    Each week gas is up .30c

    So to me inflation is back with a vengeance.

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    Re: US Consumer prices rise .04%

    and gas here just shot through the roof because of more Middle East instability bull****. doesn't matter how much we drill; any excuse to gamble up the price is enough.

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    Wee Nyeff
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    Re: US Consumer prices rise .04%

    Quote Originally Posted by Carjosse View Post
    They exclude it because they are very volatile one month they could be +15% then -20% (last time I looked at that data that is what they were like) the next, it does not provide a good representation for economists and governments. Energy and food may see an increase this month but then a significant decrease the next.
    To the ordinary person, or at least the ones who want to understand their economic environment, those are the numbers that DO matter. While I have a good understanding of what drives inflation, removing major factors, volatile or not, gives a very skewed view of what is truly happening in the economy.
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    Re: US Consumer prices rise .04%

    Meats and eggs are up 8% from a year ago.

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