Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Consumer prices rise sharply in February
Market Watch ^ | March 16, 2012 | Jeffry Bartash

Posted on 03/16/2012 6:14:24 AM PDT by MulberryDraw

Cost of gas jumps 6% to mark biggest increase in over two years

The consumer price index jumped 0.4% last month on a seasonally adjusted basis, the Labor Department said Friday. That was slightly below the 0.5% increase forecast by a MarketWatch survey of economists.

The higher cost of consumption last month easily outstripped a 0.1% gain in hourly pay for U.S. workers. As a result, inflation-adjusted earnings fell 0.3% in February to mark the second straight decline.

[snip]

Over the past 12 months, consumer prices have risen an unadjusted 2.9%, unchanged from January.

(Excerpt) Read more at marketwatch.com ...


TOPICS: Business/Economy; Politics/Elections
KEYWORDS: economy; inflation
The 2.9% is above the Fed's 2% target. Will the Fed have to raise rates before the election?
1 posted on 03/16/2012 6:14:28 AM PDT by MulberryDraw
[ Post Reply | Private Reply | View Replies]

To: MulberryDraw

I thought the Cheney Economic Manipulation Machine was shut down?


2 posted on 03/16/2012 6:16:09 AM PDT by AU72
[ Post Reply | Private Reply | To 1 | View Replies]

To: MulberryDraw

Not only is gasoline again a budget-buster for many,food prices are soaring.Common items like soup,bread,and cookies are up 10 to 20% from last year in the discount stores!


3 posted on 03/16/2012 6:22:35 AM PDT by hoosierham (Freedom isn't free)
[ Post Reply | Private Reply | To 1 | View Replies]

To: MulberryDraw

The article said that food was unchanged in February. However, over the past 12 months food cost has risen 3.9%.

http://bls.gov/news.release/cpi.nr0.htm


4 posted on 03/16/2012 6:25:42 AM PDT by MulberryDraw (Newt: "The high price of gas is the deliberate strategy of the left.")
[ Post Reply | Private Reply | To 1 | View Replies]

To: MulberryDraw

2.9% eh? Well, don’t ask me how they come up with that, because everything I need for daily life, like fuel and food, is going up far faster than 2.9% per year. Big screen TV prices are probably deflating, but I can’t eat ‘em and don’t buy a new one every month.

I use my custom Spam index to estimate inflation. Three years ago, I could get a can of Spam for $2. Now they run almost $3. That, my FRiend, is a whole lot of infation. If I can’t eat or drive to/from work, what good do lower housing and appliance prices do for me? Not much.


5 posted on 03/16/2012 6:26:27 AM PDT by CitizenUSA (Why celebrate evil? Evil is easy. Good is the goal worth striving for.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: MulberryDraw

Looks like the stars are aligning against the jug eared crypto tyrant.


6 posted on 03/16/2012 6:27:08 AM PDT by skeeter
[ Post Reply | Private Reply | To 1 | View Replies]

To: MulberryDraw

And that is for just one month.

Now add up all the months...and the months to come.


7 posted on 03/16/2012 6:29:30 AM PDT by Freddd (NoPA ngineers.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: hoosierham

The paper napkins I get were up 20% last week. I try to buy most things on sale, but those that are not on sale, are definitely increasing in price, and not just a few cents here and there.


8 posted on 03/16/2012 6:35:43 AM PDT by NEMDF
[ Post Reply | Private Reply | To 3 | View Replies]

To: MulberryDraw

I was at Walmart yesterday and noticed that the 4-pac of their Yogart had jumped from $1.58 to $1.88 since I last bought some about 6 months ago.

That is a 19% increase.


9 posted on 03/16/2012 6:45:50 AM PDT by TomGuy
[ Post Reply | Private Reply | To 1 | View Replies]

To: CitizenUSA
Big screen TV prices are probably deflating, but I can’t eat ‘em and don’t buy a new one every month.

But if a big screen TV goes down from $3,000 to $2,500 during the same period of time that $2,500 worth of food and gasoline goes up in price to $3,000, the government tells me there is zero net inflation...so I should shut up and be happy to live in Obama's Workers Paradise.

And now I'm confused. :)

10 posted on 03/16/2012 6:51:51 AM PDT by Mr. Jeeves (CTRL-GALT-DELETE)
[ Post Reply | Private Reply | To 5 | View Replies]

To: MulberryDraw

*2.8888% when adjusted for the free birth control


11 posted on 03/16/2012 6:52:06 AM PDT by Buckeye McFrog
[ Post Reply | Private Reply | To 1 | View Replies]

To: MulberryDraw

Not only is gasoline again a budget-buster for many,food prices are soaring.Common items like soup,bread,and cookies are up 10 to 20% from last year in the discount stores!


12 posted on 03/16/2012 7:03:15 AM PDT by hoosierham (Freedom isn't free)
[ Post Reply | Private Reply | To 1 | View Replies]

To: MulberryDraw

I believe our government is printing about 7% of our economy per year. I’m surprised it isn’t higher.


13 posted on 03/16/2012 7:08:20 AM PDT by MNDude
[ Post Reply | Private Reply | To 1 | View Replies]

To: MulberryDraw

I don’t think the Fed cares about the target range for inflation. I bet they don’t mind moderate inflation as a way to decrease the real burden of the debt in the country.


14 posted on 03/16/2012 7:16:03 AM PDT by C19fan
[ Post Reply | Private Reply | To 1 | View Replies]

To: MulberryDraw

And, this just in-U.S. stocks struggled to regain Friday’s opening rise after a first reading of U.S. consumer confidence in March unexpectedly fell.

They expected consumers to believe the pure and utter manure they’d been shoveling on behalf of The One and, unexpectedly, they didn’t.


15 posted on 03/16/2012 7:19:36 AM PDT by John W (Viva Cristo Rey!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: John W

Another source-BIG miss on consumer confidence caused the Dow to drop around 65 points. It was already trading lower and is now off 0.9%


16 posted on 03/16/2012 7:24:19 AM PDT by John W (Viva Cristo Rey!)
[ Post Reply | Private Reply | To 15 | View Replies]

To: MulberryDraw

This is fuel price driven.

They may have an inflation target and would have hit it with monetary policy if it weren’t for the huge spike in transporation costs.


17 posted on 03/16/2012 7:27:35 AM PDT by MrB (The difference between a Humanist and a Satanist - the latter knows whom he's working for)
[ Post Reply | Private Reply | To 1 | View Replies]

To: skeeter

I was enraged yesterday, though, when it was released that they were going to draw down the strategic reserves blatantly to support 0bama’s re-election,

and the Brits agreed to cooperate.


18 posted on 03/16/2012 7:28:54 AM PDT by MrB (The difference between a Humanist and a Satanist - the latter knows whom he's working for)
[ Post Reply | Private Reply | To 6 | View Replies]

To: John W

I see they are blaming gas prices for the drop in consumer confidence (article at the link below) but a number of posts in this thread are pointing to food prices.

http://www.marketwatch.com/story/us-stocks-struggle-after-fall-in-confidence-data-2012-03-16?link=MW_home_latest_news


19 posted on 03/16/2012 7:30:10 AM PDT by MulberryDraw (Newt: "The high price of gas is the deliberate strategy of the left.")
[ Post Reply | Private Reply | To 15 | View Replies]

To: MrB

I copied and saved what a freeper said yesterday about that since it made so much sense-

Why would Britain with gas at $12 a gallon release “strategic reserves” to get US gas below $4 a gallon?

Is $4 a gallon US gas a strategic crisis to Britain?

Or is obama’s reelection a strategic crisis to both the socialist dupe and the marxist clown? and thus worth pissing off our NATIONAL STRATEGIC oil reserves ....


20 posted on 03/16/2012 7:33:35 AM PDT by John W (Viva Cristo Rey!)
[ Post Reply | Private Reply | To 18 | View Replies]

To: John W

What you have to understand about Marxists is that they believe their end goal of complete utopia is worth

ANY

and I do mean ANY means necessary, including genocide of all who oppose them.


21 posted on 03/16/2012 7:36:04 AM PDT by MrB (The difference between a Humanist and a Satanist - the latter knows whom he's working for)
[ Post Reply | Private Reply | To 20 | View Replies]

To: MulberryDraw
However, over the past 12 months food cost has risen 3.9%.

Only 3.9% over an entire year, huh? If you grocery shop, you know this is absolute, utter BS.

22 posted on 03/16/2012 7:44:18 AM PDT by Right Brother
[ Post Reply | Private Reply | To 4 | View Replies]

To: Mr. Jeeves

If you want a big screen TV and don’t care about it being high-def, you can find at least five for free on every trash day.

Not like my eyesight is moving towards higher def anyhow.


23 posted on 03/16/2012 8:14:43 AM PDT by Buckeye McFrog
[ Post Reply | Private Reply | To 10 | View Replies]

To: MulberryDraw

My opinion: prices have doubled since O took office. But my income has stayed the same. No wonder I’m getting in debt.


24 posted on 03/16/2012 8:21:23 AM PDT by ncpatriot
[ Post Reply | Private Reply | To 1 | View Replies]

To: MulberryDraw
The CPI unencumbered by such enhancements as hedonics, the substitution effect, owner's rent equivalence, intervention analysis, geometric weighting, chained dollars, and removal of core inflation components etc.:


25 posted on 03/16/2012 8:56:30 AM PDT by khelus
[ Post Reply | Private Reply | To 1 | View Replies]

To: Lazamataz; Danae

Info


26 posted on 03/16/2012 12:25:00 PM PDT by Lazamataz ("We beat the Soviet Union, then we became them." -- Lazamataz, 2005)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Lazamataz

Pings noted.


27 posted on 03/16/2012 12:42:19 PM PDT by Danae (Anail nathrach, ortha bhais is beatha, do cheal deanaimh)
[ Post Reply | Private Reply | To 26 | View Replies]

To: Danae

Just as long as you never ask me, “Is your ping in yet?”


28 posted on 03/16/2012 12:43:54 PM PDT by Lazamataz ("We beat the Soviet Union, then we became them." -- Lazamataz, 2005)
[ Post Reply | Private Reply | To 27 | View Replies]

To: MulberryDraw
Tell me about it.

My weekly case of Triple-Stage-Bomb ice pops...up. My Extra-Strength hydrochloric acid XtraCoarse Forest-Leg-hair Nair...up. My Triple Thick Rosie O'Donnell-approved Lard-enhanced Moon Pies...up. My kitchen rat traps...up. My Sexy Girl honey-flavored Extra-quick-acting Anti-Fungal Toenail Balm...up. My Teen Beats...up. My kichy cat-treat flavored hot dogs I get at the Dog Track...up. My Missy Descrete under-arm Natural Sponge B.O. Absorbers...up. My headgear rubberbands...up. My hunk-man-sweat flavored Stoli...up. Everything...up. Maddening. ;-)

29 posted on 03/16/2012 1:16:17 PM PDT by Miss Behave (All ways, always.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Lazamataz

(cocks head sideways kinda funny)

Mmmmm? What was that???? Was that a Ping? Really?!?

LMAO


30 posted on 03/16/2012 2:40:57 PM PDT by Danae (Anail nathrach, ortha bhais is beatha, do cheal deanaimh)
[ Post Reply | Private Reply | To 28 | View Replies]

To: Danae

Nice job. You have managed to work two memes into that while answering my meme. :)

Expect a call in the next hour or two if you can take it.


31 posted on 03/16/2012 3:55:25 PM PDT by Lazamataz ("We beat the Soviet Union, then we became them." -- Lazamataz, 2005)
[ Post Reply | Private Reply | To 30 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson