[BenLurkin]

S T A G F L A T I O N

[skeeter]

I think the rate of inflation has been much higher than we’ve been led to believe.

[roadcat]

Producer prices rose 1.1% in September after an increase of 1.7% in August, the Labor Department said.

...

While food prices will push up grocery bills in the months ahead, earlier-stage core trends suggest “that there is little in the way of building inflation pressure,” said Robert Kavcic, economist at BMO Capital Markets.

Gee, 1.1, 1.7 percent doesn't sound so bad... Wait a minute, that's in one month! Compounded over a year, that's ... Holy crap, that's HUGH inflation!!!

[vpintheak]

And OBAMA’s fault!

[Roses0508]

I did the grocery shopping today. I just flat don’t believe that number.