Skip to comments.U.S. consumer inflation rebounds in July; Index rises 0.5%; core rate up 0.2%
Posted on 08/18/2011 6:18:20 AM PDT by Free Vulcan
WASHINGTON (MarketWatch) The cost of living for Americans rebounded in July after a rare decline in June, data showed Thursday.
The consumer price index, tracking the rate of inflation at the retail level, increased 0.5% in July, the biggest gain since March, the Labor Department said.
The growth was above the consensus forecast of economists polled by MarketWatch who had been looking a 0.4% increase.
(Excerpt) Read more at marketwatch.com ...
government statistics finally starting to catch up to reality at the grocery store....even only shopping sales/coupons/generics etc.....
Let me be the 1st to say:
Just the beginning of hyperinflation if this bunch is allowed to continue their failed policies. (they will never admit they are wrong)
What's the result of that (yes...I know its not good...but what are the actual results)? Is it staflation? Will the Fed be promted to do QE III...will bond rates soar or will the FED be forced to raise the rates?
If consumer prices rise, but basic commodities stay put, it could result in some hiring.
Not holding my breath though. Too much liquidity in the upper end of the markets causing commodity inflation. When commodities are going up faster than consumer goods, you get supply shock and stagflation.
Who wants to bet me that NObama will still NOT give out Social Security increases?
We have been at the same level for 3 years now.