Posted on 04/15/2014 5:58:37 AM PDT by blam
CORE INFLATION UNEXPECTEDLY RISES
Matthew Boesler
April 15, 2014, 8:30 AM
Inflation unexpectedly accelerated in March due to increased costs of food and shelter, according to just-released data from the U.S. Bureau of Labor Statistics.
Both the headline consumer price index and the "core" price index (which excludes food and energy prices) advanced 0.2% in March from the previous month, ahead of consensus estimates for a 0.1% rise in both series, matching February's pace.
The year-over-year change in the core index rose to 1.7% from 1.6%, while the year-over-year change in the headline index was boosted to 1.5% from 1.1%.
Economists expected the former to hold steady at 1.6% and the latter to rise to 1.4%, due to a drop in energy prices in March 2013.
(snip)
(Excerpt) Read more at businessinsider.com ...
Wait until Democrats add the carbon tax.
When Obama was first annointed my average grocery bill was $150
Now, with the saame spending patterns, I am lucky when it does not exceed $300. And I have spent as much as $400.
I bought a fist sized package of 85/15 ground beef on Sunday for $5. My fist too. Not even a man’s fist.
Stolen and tweeted. (:
I can’t correct your fhinking except to say that if you don’t have anything, average in to those 1/10 ozers at a reasonable pace for your finances.
LOL - good one.
Unexpectedly!
That's the idea going around lately; it makes sense that having the gov't print lots of money makes prices and wages soar. Thing to understand is that it's not what's been happening.
Money supply growth used to be 10-15% yearly back when we had an economy, but when the war on business began people laid off employees and the unemployed stopped buying. That crashed prices, and it was the deflation in 2009 that crashed the money supply in 2010:
The wild swings were '08-'11 and since then both money growth and inflation have been winding down.
Oh, “core” prices—necessities like electronics and furniture?
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