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US Consumer prices rise .04%

Well the bank is on target and inflation is rather low, so I don't see the concern.
 
Carjosse said:
Well the bank is on target and inflation is rather low, so I don't see the concern.
Click to expand...

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.
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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.
 
GottaGo said:
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.
Click to expand...

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.
 
Carjosse said:
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.
Click to expand...

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.:twocents:
 
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.
 
Carjosse said:
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.
Click to expand...

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.
 
Meats and eggs are up 8% from a year ago.
 
GottaGo said:
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.
Click to expand...

:agree: Who needs food or energy anyway? Nobody I know! Good idea to take those items out of their calculations, as they tend to skew statistics in the wrong direction, "due to their price volatility." :shock:

Greetings, GottaGo. :2wave:
 
GottaGo said:
They, as usual, have taken out the items of biggest impact on those with low or fixed incomes.
Click to expand...
The overall numbers don't exclude food and energy. Those two are responsible for 0.1% of the direct increase.

Slightly higher inflation also isn't necessarily a bad thing. Typically, wages tend to keep up with inflation. A small amount of inflation -- up to 5% -- is also seen as beneficial for the economy.
 
Visbek said:
The overall numbers don't exclude food and energy. Those two are responsible for 0.1% of the direct increase.

Slightly higher inflation also isn't necessarily a bad thing. Typically, wages tend to keep up with inflation. A small amount of inflation -- up to 5% -- is also seen as beneficial for the economy.
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Exactly who benefits from inflation? Not the average person. Mostly those who are on the receiving end of taxes are the ones who benefit....
 
GottaGo said:
Exactly who benefits from inflation? Not the average person. Mostly those who are on the receiving end of taxes are the ones who benefit....
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In my 52 years I never heard it said that inflation is a benefit to any normal, hardworking American.
 
penn1954 said:
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.:twocents:
Click to expand...

Tell me that when American gas reaches 6.25$-7$ a gallon. 2% on food is not very much, the only large price increases I see is on out of season food.
 
GottaGo said:
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.
Click to expand...

Not really, what the core inflation rate reflects is the health of the growth of the economy within 1% - 3% is usually means you have a healthy economy.
 
Carjosse said:
Not really, what the core inflation rate reflects is the health of the growth of the economy within 1% - 3% is usually means you have a healthy economy.
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Not with the unemployment rates we are currently...enjoying. Nor with the supposed stagnation of wages.

If neither one of those negatives were in play, then I might consider 1% inflation a positive movement.
 
Helix said:
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.
Click to expand...

A duck sneezed in Canada? $4.50 a gallon, now!
 
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