Posted on 04/15/2011 6:03:36 AM PDT by Free Vulcan
WASHINGTON (MarketWatch) — The prices paid by American consumers rose sharply again in March, mainly because of higher gas and grocery costs, according to the latest government data.
The consumer price index rose 0.5% last month, the Labor Department reported Friday. The so-called core rate rose a lesser 0.1%.
Economists surveyed by MarketWatch had expected CPI, which tracks inflation at the retail level, to rise by 0.5% overall, or by 0.2% on a core basis.
(Excerpt) Read more at marketwatch.com ...
The "recovery" moves ahead.
the Dept of Fudge is at it again! Gas goes up 35 cents and the inflation rate is .5%?
Too bad that the neccessities are food and fuel.
Tell me about it. Gas rose almost 15% last month, Food rose 1.1% last month, but the overall rate was only 0.5% — time to wave the BULLS*** flag.
The fact is both unemployment and inflation are north of 10% no matter what bogus number mumbo jumbo DC tries to use.
” The “recovery” moves ahead. “
Oh - by the way ——
http://www.freerepublic.com/focus/f-news/2705231/posts
Real Wages Fall For 5th Straight Month, Bad News For Obama
Bovine Scat.
BINGO! That’s been my complaint. How often do you buy a computer? Once every few years? How often you buy gas? Once a week minimum? Their weighting is screwy because the lower income you are the more inflating necessities are going to bite you as they are a larger percentage of your income.
I read here on FR that under the old calculations inflation is around 10%.
“Too bad that the neccessities are food and fuel”
Eat your Ipad.
Looking at the numbers in the article I would put it at closer to 12-13% now, it was around 10 last month.
Give the lying Bernanke Fed, our government and politicians time and they’ll figure out a way to adjust the index so that it indicates no inflation in the pipeline.
The Federal Reserve is continuing to pump a false economy for their Wall St and banker friends while the dollar gets crushed.
--and absolutely everything on the FR is always true. OK, I'm joking but the point is that what we're getting here with this 'old calculation' story is a bogus urban legend.
In the government approved inflation rates anything that goes up does not count. It looks much better that way.
Silver is at 43 per ounce. Up from about 12 not long ago.
From Rooters:
“Core inflation rises mildly, earnings fall
The mild rise in core CPI — which excludes food and energy and is watched by the Federal Reserve for monetary policy — may be seen as vindication for officials at the U.S. central bank who have viewed the recent energy price spike as having a temporary effect on inflation.”
what a freeking joke.
No, it's not.
Unfortunately, no one has tried doing the old calculations.
See the link at my post #16.
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