Diesel is out of sight, propane has rocketed, gasoline up solidly, food is much higher than being admitted to due to comparing airline prices, automobile prices, and clothing prices in the market basket.
Any dolt knows joe sixpack doesn’t fly a lot, that he doesn’t buy a car all that often, and that winter clothes are now on sale (so are cars and tickets...winter sales.)
So, because something I don’t buy has gone down, and something that I absolutely must have and must buy has risen dramatically, then that means that prices aren’t changing for the worse.
Can anyone say: “discouraged workers” “dropping out of the labor force” “U3” and “manipulation of numbers”?
I guess everything’s alright as long as you have money for new clothes, cars and travel. A lot of people don’t.
Hooray, I bought some socks.
Rejoice comrades, the chocolate ration this month has increased from 25 to 20 grams.
And I have a bridge for sale.
Absolute NewSpeak goobley gook.
As usual, Americans are stupid for wanting lower prices, when our betters in Washington know what we really need is inflation to encourage us to borrow to buy what we can't afford.
I look at my sixteen dollar package of ground beef, and I laugh.
obviously the US government just can’t bring itself to telling the truth to the people all across this country just effed they really are. Not to worry, the people will catch on one of these days.
Our government doesn’t figure food or energy into it’s inflation calculations so they are basically worthless.
In other words excluding the stuff everyone needs everyday.
Uhhhh.....if people can’t afford clothing, cars and air fares, how does them costing less keep inflation low?
How about food prices? You can’t eat consumer durables or autos.
Time for some conversions, eh?
How to make a Rocket Heater out of two gas bottles
https://www.youtube.com/watch?v=ofJYVmrNNuU
Rocket Stove Heater Part 1 of 3
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WORKSHOP ROCKET STOVE HEATER part1
https://www.youtube.com/watch?v=UBWSNjvO4cc
#322 Lab DONE! Rocket Stove Mass Heater begins!
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Home made gas bottle wood burning stove test 1
http://www.youtube.com/watch?v=P4m2CWO8NlM
How to make a wood burning stove DIY project
http://www.youtube.com/watch?v=g44xtJ0AhXg
Well, my wife has been saving and preparing and tax refund check coming, now allows her to replace the stove, over stove microwave, and dishwasher, and later the frig. So big ticket items will move into our kitchen in the next week or so. But these, hopefully, will last till the kids drop us off at the old folks home.
I went to the grocery store tonight. Inflation is not mild.
until the count food and fuel, this number is pure BS.
Oh I am happy: I saved lots of money on my monthly airfare and monthly new vehicle purchase. /s
I just bought new clothes for my up coming vacation that I will travel to by air after driving to the airport in my new car, so I am good.
Chalk it up to Republican obstinacy, Democratic opposition, or just plain common sense, the White House has dropped the noxious chained CPI from its Social Security proposals for the upcoming federal budget.
The chained consumer price index is a new way of calculating inflation that backers say is more "accurate" than the traditional CPI. As we demonstrated conclusively last year, it's not more "accurate."
But those who advocated using the chained CPI to calculate annual Social Security cost-of-living raises didn't really care about its accuracy. For them, its salient quality was that it produced a lower inflation calculation, by an average of about 1% a year.
As we've pointed out in the past, the difference is cumulative. The result is a stealth benefit cut for recipients that grows over time. It might look modest at first, but after 10 years of retirement, recipients would be receiving 10% less in their monthly checks than they would have received under the traditional CPI. After 20 years--that is, for retirees in their mid-80s--the difference is minus-20%.
[]
Bye-bye, chained CPI. Michael Hiltzik, Los Angeles Times, February 21, 2014.