[bjs1779]

I was trying to find where the markets supported their figures, especially in the energy index for Febuary. What do you think?

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[RobRoy]

Well, SOMEBODY’s lying. I guess I’ll just have to go with my own personal anecdotal evidence.

And your charts.

[thackney]

I also found residential prices up for Gasoline, Diesel, heating fuel oil, propane during the month of February.

http://tonto.eia.doe.gov/oog/info/twip/twip.asp

[NVDave]

Those are the futures markets.

If the CPI is being computed off futures prices, then it is completely useless and they’re a bunch of clowns — after all, the “C” in CPI stands for “Consumer.”

Here in the west, we used to see a dip in diesel prices in December - that’s when we’d buy our diesel for the upcoming farming season.

This year, there wasn’t any dip - just a period of time when the prices quit going up.

But then I’ve been railing about the idiots in the government missing inflation for years - because we farmers have been seeing inflation non-stop since 2004.

Here’s a little clue for you about how disconnected the clowns in DC are from reality:

Farmers held a meeting with the local fertilizer and chemical rep in February. He brought along a rep from the fertilizer manufacture to “explain things.”

And here’s what the fertilizer rep said:

“We’re going to keep raising the prices until you guys quit buying it.”

Direct quote.

11-52-0 fertilizer was $245/ton in 2001, and you used to be able to lock in a price in autumn, pre-pay 50% and take delivery in the spring.

This month, 11-52-0 is $850/ton, and they won’t hold a price for any longer than a week, and you’d better have a check when the truck shows up. They won’t let you pay on account any more.