Skip to comments.US consumer prices tick up just 0.1 percent last month despite big gain in energy costs
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 ...
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.
The books are on fire.. they are no longer just cooking them.
Hooray, I bought some socks.
I’m guessing that if we were using the same formulas for inflation and unemployment that were used in Jimmy Carter’s presidency, that the misery index would be comparable.
Add to it the lower wages of the middle class versus when Obama took office, and even their irrational inflation numbers says the middle class is being taken to the cleaners.
And Obama loves his idea of the “chained CPI.” IOW, if beef goes up, but chicken is cheaper, then beef can’t be part of the inflation equation. You’ve gotta go with the cheaper meat. How long ‘til it goes all the way to roadkill?
I got some bacon. We could have a party.
What’s wrong with the government’s inflation calculations? You can’t eat $10 DVD players from China...
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.
Our government is no longer capable of telling the truth... bread and circus... the emperor must keep the masses tranquil.
That's not the way it works.
I look at my sixteen dollar package of ground beef, and I laugh.
These numbers have been managed since LBJ. The idea is that is inflation is managed low, net GDP is higher than it really is.
Precisely. Not to mention that a DVD player that was once made in Japan has a major quality difference over it now being made in China.
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.
And I bought a new skillet the other day. Let’s rock!
Our government doesn’t figure food or energy into it’s inflation calculations so they are basically worthless.