Posted on 02/20/2014 8:11:42 AM PST by xzins
U.S. consumer prices barely rose last month as a sharp increase in energy costs was offset by cheaper clothing, cars and air fares. The figures indicate inflation remains mild.
The Labor Department said Thursday that the consumer price index rose just 0.1 percent in January, down from a 0.2 percent gain in December. Prices have risen 1.6 percent in the past 12 months. Excluding the volatile food and energy categories, core prices also rose just 0.1 percent last month and 1.6 percent in the past year.
The year-over-year increase in core prices was the smallest in seven months.
The "mild uptick ... confirms the fact that inflationary pressures remain well contained," Martin Schwerdtfeger, an economist at TD Bank, said in a note to clients.
(Excerpt) Read more at newser.com ...
A: 2 + 2 = 5
B: No, 2 + 2 = 4
C: 2 + 2 = 5 because 2 = 3
B: No, 2 + 2 = 4
C: You believe the government!
I went to the grocery store tonight. Inflation is not mild.
Because you are only partially on the right track:
Core Inflation does not use volatile food and energy
The CPI does have a substitution function in their formula.
A market basket of goods is weighted based on purchasing habits. Those habits cause updates every few years.
PCE uses core inflation that eliminates those areas they consider volatile.
It seems to me that you make stuff up as you go.
“I went to the grocery store tonight. Inflation is not mild.”
Let me get you a chart or two from the fed Gov to get your head straight ilovesarah. Read it, study it, live it. Then next week post again after you are done shopping and be sure to state that food prices have been stagnant the last 4 years.
until the count food and fuel, this number is pure BS.
Again, you’ve made me smile.
Even when you’re wrong, you make me smile.
:>)
This is like being on a Religion thread.
Here's what the article says:
The Labor Department said Thursday that the consumer price index rose just 0.1 percent in January, down from a 0.2 percent gain in December. Prices have risen 1.6 percent in the past 12 months. Excluding the volatile food and energy categories, core prices also rose just 0.1 percent last month and 1.6 percent in the past year.
The small increase occurred even though cold weather pushed up the cost of natural gas, electricity and other home energy sources by the most in more than five years.is part?
Yeah I remember it. EVERYONE donated to it. You had no choice. They TOOK that money back then.
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.1 percent in January on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 1.6 percent before seasonal adjustment.Click on this link to see how the BLS continues to ignore food and energy in the same press release.Increases in the indexes for household energy accounted for most of the all items increase. The electricity index posted its largest increase since March 2010, and the indexes for natural gas and fuel oil also rose sharply. These increases more than offset a decline in the gasoline index, resulting in a 0.6 percent increase in the energy index.
The index for all items less food and energy also rose 0.1 percent in January. A 0.3 percent increase in the shelter index was the major contributor to the rise, but the indexes for medical care, recreation, personal care, and tobacco also increased. In contrast, the indexes for airline fares, used cars and trucks, new vehicles, and apparel all declined in January. The food index rose slightly in January. The index for food at home rose 0.1 percent, with major grocery store food groups mixed.
The all items index increased 1.6 percent over the last 12 months; this compares to a 1.5 percent increase for the 12 months ending December. The index for all items less food and energy has also risen 1.6 percent over the last 12 months. The energy index has risen 2.1 percent over the span, and the food index has increased 1.1 percent.
I don’t remember even being asked...not even once.
They at least asked about the United Way Campaign (Combined Federal Campaign). They’d knock heads over the CFC, but at least they asked.
Are you worried about the bad weather?
I have to aged hickory and some matches!!!
More weak U.S. economic data puts cracks in weather theory
if they are not counting food or fuel, why bother?
OMG, TV’s just got cheaper!
KMA.
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