Get Ready For The Worst Inflation Number In 6 Years

BI ^ | 1-15-2015 | Myles Udland

[Colinsky]

This enduring deflation, which policy makers are now trying to end, kept the economy in retreat as people hesitated to make purchases, because prices were falling.

We can see the same results here, where the computer industry is in a 30-year slump because everybody knows the prices will be lower next year.

[entropy12]

You are competing with 50 million people getting free food stamps (EBT cards). A family of 4 gets around $800 a month in free food stamps. There is no free lunch. Someone else has to pay for the free lunch.

The big food companies like General Foods, Kraft etc. spend huge amounts of money lobbying the DC politicans to boost their profits via food stamps.

[BBell]

At least Tina Turner had the good sense to bail out and become a citizen of Switzerland.

[Varsity Flight]

And those extracting leaching living lavishly excess party DC ers, celebrating false value are stealers thiefs. And they are hiding under cover as if they are providing value, and actually are stealing, and extorters. Prague 1968

[spodefly]

I have a very economical car that I don’t drive very much, so the lower gas price hasn’t really changed anything for me, but I do notice you can easily fit $100 worth of food in a mini-cart.

[blam]

Yes, me too.

[OrangeHoof]

You can bet if Obama and his elk want inflation, it’s bad for the people...

Oh, deer!

[OrangeHoof]

I’ve always preferred deflation because prices can never go lower than zero. Inflation never reaches a ceiling.

[piasa]

Because the food we are eating now was raised and shipped to be canned or frozen last season when fertilizer and fuel prices were high, and of course the livestock grew up in a high cost period too, so meat prices will still reflect high feed costs from the last couple of years.

[piasa]

Venison economics.

[cynwoody]

The good number is zero. That should be the Fed’s sole and only goal. Let the market sort it out from there.

[gunsequalfreedom]

I filled up and was shocked when the nozel popped off full at $28.

[Celtic Conservative]

A moose bit my sister once...

CC

[backwoods-engineer]

The crash in oil prices might be good for consumers, but it's terrible for inflation data.

For Keynesians.

[NTHockey]

If at all.

[Smokin' Joe]

Major reason the economy has stalled for so many years is the cost of gas and food.

Not the all time low labor participation rate? Not the plethora of regulations that are shutting down whole industries that cannot meet standards for which the technology does not exist?

Blame what you will, but I think you just might be missing a few things.

[kearnyirish2]

Unfortunately, the only hope for the US economy is a massive war between India and Red China...

[tired&retired]

You can thank Slick Willie for changing the rules for computing the inflation index beginning in 1992. It’s been a fraud ever since.

[Justa]

So energy costs are only counted in CPI when they decline? Right, got it.

[RegulatorCountry]

A decline in the rate of inflation is the worst inflation, and it’s due to falling retail gasoline prices which aren’t tracked in the core inflation metrics? Got it, lol.