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 ...
WTF? They’ve been telling us since Obama was immaculated things are on the upswing. Prices rising? Shut the front door!!!!....
Wow!. A wild expansion of the money supply results in inflation. Who could have guessed?
In the real world, where taxpayers don’t pay for your food or housing or cellphone, WE have been experiencing inflation for a long time.
Food and gas prices are way up from those horrible days of Bush’s presidency.
Still his fault.
We just had one of the coldest winters in a long time.
The rise in the minimum wage ‘s fault
They’ve been using the T-Bill purchases to legitimize the debt and to purchase Mortgage Backed Securities in the stock market for near 5 years. It was to the tune of $85 billion per month (about half/half). They recently reduced it to $75 Billion....
As a measure of comparison, remember when the Democrats were all pissed off about the Republicans actually holding Obama to his own sequestration promises and they cried like stuck pigs over a one time $85 billion. They’ve blown over $1T a year holding up the stock market and backing the national debt (with electronic promise scrip) and they politic over their own damn promises.
Yeah, and it was the Tsunami in Japan, the earthquake wherever, the ATMs not working, put more air in your tires, the Christmas, er...Holiday season, the Tsunami in Indonesia, Republican racism, Bush/Bush/Bush, and anything and everything but the kitchen sink.
BEEF prices have gone up 500% under Obama yet they won’t allow ranchers to graze cattle - NUTS
What’s this “unexpectedly” crap? They think they can predict the future? Obviously not.
Shocking! /s
Shock being expressed at the predictable outcome of expanding the money supply by trillions of dollars? I’m shocked that anyone is shocked.
Once all this money jumps off the sidelines and into the economy it will be even worse...hyper-inflation here we come.
If they included soaring food prices and energy costs the rate would skyrocket.
Wow!. A wild expansion of the money supply results in inflation. Who could have guessed?
Exactamundo. The Fed has been on an unprecedented money printing binge for five years. There are consequences to actions like this.
This shows how manipulated the price of gold is. Several times over the past few years, on the day where there was some major fundamental news that should cause gold to skyrocket, the pre-market activity (when the market is at its thinnest and therefore easiest to manipulate) saw a huge dumping of naked short gold sales (paper gold), driving the price to below some important technical level, triggering automatic massive selling, which enables the manipulator to then swoop in and buy back cheaper to close their position.
Bad news is always ‘unexpected’ when democrats are running things... has to do with press bias.
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