Reported Record Price Drop in CPI is Extremely Misleading

EconomicsBriefing.com ^

[toaster]

The Labor Department reported Thursday that its closely watched Consumer Price Index dropped by 0.6 percent last month, the biggest monthly decline since a 0.9 percent fall in July 1949.

Prices dropped for consumers in November, that is, unless they eat or sleep...

[atomicpossum]

Please don't change titles.

Should be: "Reported Record Price Drop in CPI is Extremely Misleading"

[Toddsterpatriot]

Yeah, but if you exclude food and energy, prices were up 0.2%.

[SoFloFreeper]

Democrats are saddened.

[EQAndyBuzz]

Either way it is Bush's fault.

[SoFloFreeper]

Yeah, but if you exclude food and energy, prices were up 0.2%.

So that stat is meaningful to everyone who doesn't buy food or energy. :)

[muawiyah]

Women and minorities suffer most.

[Toddsterpatriot]

The title should be "Whiny guy on the Internet doesn't like good news".

[traderrob6]

Related....

http://exposingtheleft.blogspot.com/2005/12/have-we-reached-end-of-rate-hikes_15.html

[jimfrommaine]

We've got the strongest econony in 50 years. One based not on a dot-com bubble, but on free enterprize. We need more of what revived the nation from the clinton recession. We need bigger tax cuts, or more aptly called revenue generators, to reduce the deficit and spur on upward social mobility.

[CedarDave]

Can you believe it?! I checked and your title is the correct one. Damn MSM -- no good news at any time.

[Toddsterpatriot]

So that stat is meaningful to everyone who doesn't buy food or energy. :)

I just like making fun of people who focus on the core rate as some sort of government conspiracy. Despite the fact that the non-core rate is also published. Some conspiracy when the hidden info is in the same article.

[Admin Moderator]

Please do not alter titles.

[CedarDave]

Title as originally posted:

"Prices Show Biggest Decline Since 1949"

[Mike Darancette]

Yeah, but if you exclude food and energy, prices were up 0.2%.

You only include food and energy if it tends to make it look worse for the President.

[jiggyboy]

Not a single TV station in SF/SJ reported it correctly today. "Biggest CPI drop in 40 years!" But they have never failed to exclude a rise in "volatile food and energy prices" when it helps to lower a raw CPI rise.

[NeonKnight]

...and shoes. It looks even worse if you remove shoes from the equation. And bannanas, if you take them out, it starts to look even worse. So don't let that guy in the WH mislead you.

I loved the comments on that site. LOL!!

[jackbenimble]

Yeah, but if you exclude food and energy, prices were up 0.2%.

Silly! Don't you know that those things are only excluded when they are going up but when they are going down they are included? Otherwise the peasants might not get a warm fuzzy.

[Blessed]

>So that stat is meaningful to everyone who doesn't buy food or energy. :)<

The point is the large 1 month drop in energy prices gives the false impression prices aren't trending up at a rate we havent seen in this country for 15 years.Other sectors increased at a 2.4% annual rate for Nov.
In Dec. fuel prices will be back up 16% for month and prices in other sectors will continue to increase into Jan.

[Toddsterpatriot]

Silly! Don't you know that those things are only excluded when they are going up but when they are going down they are included? Otherwise the peasants might not get a warm fuzzy.

Silly, don't you know both numbers are reported but the whiners only look at the higher (worse) number? Some people are never happy.