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CORE INFLATION UNEXPECTEDLY RISES
BI ^ | 4-15-2014 | Matthew Boesler

Posted on 04/15/2014 5:58:37 AM PDT by blam

CORE INFLATION UNEXPECTEDLY RISES

Matthew Boesler
April 15, 2014, 8:30 AM

    

Inflation unexpectedly accelerated in March due to increased costs of food and shelter, according to just-released data from the U.S. Bureau of Labor Statistics.

Both the headline consumer price index and the "core" price index (which excludes food and energy prices) advanced 0.2% in March from the previous month, ahead of consensus estimates for a 0.1% rise in both series, matching February's pace.

The year-over-year change in the core index rose to 1.7% from 1.6%, while the year-over-year change in the headline index was boosted to 1.5% from 1.1%.

Economists expected the former to hold steady at 1.6% and the latter to rise to 1.4%, due to a drop in energy prices in March 2013.

(snip)

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


TOPICS: News/Current Events
KEYWORDS: economy; employment; inflation; markets

1 posted on 04/15/2014 5:58:37 AM PDT by blam
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To: blam

WTF? They’ve been telling us since Obama was immaculated things are on the upswing. Prices rising? Shut the front door!!!!....


2 posted on 04/15/2014 6:00:30 AM PDT by Gaffer (Comprehensive Immigration Reform is just another name for Comprehensive Capitulation)
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To: blam
Gold Is Having Its Worst Day Since The Day Of The Taper
3 posted on 04/15/2014 6:01:59 AM PDT by blam
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To: Gaffer

Wow!. A wild expansion of the money supply results in inflation. Who could have guessed?


4 posted on 04/15/2014 6:02:34 AM PDT by Mr. Lucky
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To: blam

In the real world, where taxpayers don’t pay for your food or housing or cellphone, WE have been experiencing inflation for a long time.

Food and gas prices are way up from those horrible days of Bush’s presidency.

Still his fault.


5 posted on 04/15/2014 6:03:30 AM PDT by SoFloFreeper
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To: blam

We just had one of the coldest winters in a long time.


6 posted on 04/15/2014 6:04:25 AM PDT by Raycpa
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To: Gaffer

The rise in the minimum wage ‘s fault


7 posted on 04/15/2014 6:05:52 AM PDT by bert ((K.E. N.P. N.C. +12 ..... History is a process, not an event)
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To: Mr. Lucky

They’ve been using the T-Bill purchases to legitimize the debt and to purchase Mortgage Backed Securities in the stock market for near 5 years. It was to the tune of $85 billion per month (about half/half). They recently reduced it to $75 Billion....

As a measure of comparison, remember when the Democrats were all pissed off about the Republicans actually holding Obama to his own sequestration promises and they cried like stuck pigs over a one time $85 billion. They’ve blown over $1T a year holding up the stock market and backing the national debt (with electronic promise scrip) and they politic over their own damn promises.


8 posted on 04/15/2014 6:07:29 AM PDT by Gaffer (Comprehensive Immigration Reform is just another name for Comprehensive Capitulation)
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To: blam
No matter how many financial assets are tossed out by the FED, this has got to see its way into rising interest rates and a decline, further, in the dollar. When those rates begin to really climb, the CBO’s estimate of disaster yesterday will be moved up smartly as the interest on the federal debt consumes more of the available funds causing either further rises in taxes (an increase in the nation's death spiral) or a reapplication of federal spending (leading to an uprising by the takers”. Either way, we are screwed.
9 posted on 04/15/2014 6:07:41 AM PDT by Mouton (The insurrection laws perpetuate what we have for a government now.)
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To: Black Agnes
The Real Inflation Fear - US Food Prices Are Up 19% In 2014
10 posted on 04/15/2014 6:10:01 AM PDT by blam
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To: Raycpa

Yeah, and it was the Tsunami in Japan, the earthquake wherever, the ATMs not working, put more air in your tires, the Christmas, er...Holiday season, the Tsunami in Indonesia, Republican racism, Bush/Bush/Bush, and anything and everything but the kitchen sink.


11 posted on 04/15/2014 6:11:38 AM PDT by Gaffer (Comprehensive Immigration Reform is just another name for Comprehensive Capitulation)
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To: blam

BEEF prices have gone up 500% under Obama yet they won’t allow ranchers to graze cattle - NUTS


12 posted on 04/15/2014 6:12:05 AM PDT by 1Old Pro
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To: blam

What’s this “unexpectedly” crap? They think they can predict the future? Obviously not.


13 posted on 04/15/2014 6:12:19 AM PDT by I want the USA back (Media: completely irresponsible traitors. Complicit in the destruction of our country.)
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To: blam

Shocking! /s


14 posted on 04/15/2014 6:13:04 AM PDT by Black Agnes
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To: blam

Shock being expressed at the predictable outcome of expanding the money supply by trillions of dollars? I’m shocked that anyone is shocked.

Once all this money jumps off the sidelines and into the economy it will be even worse...hyper-inflation here we come.


15 posted on 04/15/2014 6:14:02 AM PDT by PubliusMM (RKBA; a matter of fact, not opinion. 01-20-2016; I pray we make it that long.)
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To: blam

If they included soaring food prices and energy costs the rate would skyrocket.


16 posted on 04/15/2014 6:19:34 AM PDT by Iron Munro (The future ain't what it use to be -- Yogi Berra)
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To: Mr. Lucky

Wow!. A wild expansion of the money supply results in inflation. Who could have guessed?


We’ve only been talking about it here for years. :-D


17 posted on 04/15/2014 6:21:19 AM PDT by cuban leaf
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To: Mr. Lucky

Exactamundo. The Fed has been on an unprecedented money printing binge for five years. There are consequences to actions like this.


18 posted on 04/15/2014 6:22:30 AM PDT by Starboard
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To: blam

This shows how manipulated the price of gold is. Several times over the past few years, on the day where there was some major fundamental news that should cause gold to skyrocket, the pre-market activity (when the market is at its thinnest and therefore easiest to manipulate) saw a huge dumping of naked short gold sales (paper gold), driving the price to below some important technical level, triggering automatic massive selling, which enables the manipulator to then swoop in and buy back cheaper to close their position.


19 posted on 04/15/2014 6:24:49 AM PDT by winner3000
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To: blam

Bad news is always ‘unexpected’ when democrats are running things... has to do with press bias.


20 posted on 04/15/2014 6:28:40 AM PDT by GOPJ (MSNBC reporters couldn't spot a criminal if he was at the company Christmas party.)
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To: Mr. Lucky
I thought quantitative easing could go on forever with no noticeable effects too... how odd. Almost like discovering gravity pulls objects down...
21 posted on 04/15/2014 6:30:17 AM PDT by GOPJ (MSNBC reporters couldn't spot a criminal if he was at the company Christmas party.)
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To: 1Old Pro
BEEF prices have gone up 500% under Obama yet they won’t allow ranchers to graze cattle - NUTS

Don't forget bacon at $5 - $6 a pound.


22 posted on 04/15/2014 6:30:56 AM PDT by Iron Munro (The future ain't what it use to be -- Yogi Berra)
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To: SoFloFreeper
In the real world

That's why the 2012 election seemed so depressing to me.

It appears the combination of crony capitalist money and entitlement army votes is unstoppable now.

23 posted on 04/15/2014 6:37:28 AM PDT by nascarnation (Toxic Baraq Syndrome: hopefully infecting a Dem candidate near you)
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To: SoFloFreeper

Over the past few years the rise in food prices in the grocery store amazes and frightens me.

Most politicians are too busy being pompous jackasses and spending our money like drunken sailors. They never shop for food or staples like normal people. Just saying.


24 posted on 04/15/2014 6:38:06 AM PDT by Starboard
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To: winner3000
+1 for truth.

The Gold market is 2% physical bullion and 98% paper promises - promises made by organizations that either have no gold or that hold 70 paper claims on every ounce.

The spot price is based on this fiction.

One day it won't be.

25 posted on 04/15/2014 6:38:22 AM PDT by agere_contra (I once saw a movie where only the police and military had guns. It was called 'Schindler's List'.)
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To: blam
Unexpected. Again.

It is ugly out there.

26 posted on 04/15/2014 6:39:34 AM PDT by riri (Plannedopolis-look it up. It's how the elites plan for US to live.)
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To: blam

Oh, puleez! Anyone who shops for groceries can tell you that prices have been rising for a year now. I’m sick of all these “reports” done by people who are being paid to think up these reports to tell us what our common sense has been telling us.


27 posted on 04/15/2014 6:40:34 AM PDT by freeangel ( (free speech is only good until someone else doesn't like it)
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To: nascarnation
It appears the combination of crony capitalist money and entitlement army votes is unstoppable now.

It will eventually be forceably stopped by what our corrupt policitians will call an "adverse economic event". To the rest of us it will be a financial calamity. Its just a matter of time before the house of cards comes crashing down.

28 posted on 04/15/2014 6:41:16 AM PDT by Starboard
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To: riri

Unexpected. Again.

*******
Just another “bump in the road”. /sarc


29 posted on 04/15/2014 6:42:27 AM PDT by Starboard
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To: Starboard

You’re correct of course.
The challenge is knowing the timing of the meltdown.


30 posted on 04/15/2014 6:43:09 AM PDT by nascarnation (Toxic Baraq Syndrome: hopefully infecting a Dem candidate near you)
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To: blam

I guess the master plan to have it start busting out like gangbusters on January 21, 2017 is coming unraveled.


31 posted on 04/15/2014 6:45:37 AM PDT by Buckeye McFrog
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To: GOPJ

Gravity pulls objects down? Seriously? There should be a law.


32 posted on 04/15/2014 6:46:42 AM PDT by Mr. Lucky
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To: blam

*DRINK*


33 posted on 04/15/2014 6:48:43 AM PDT by dfwgator
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To: nascarnation

The very fact that the Fed has continued to spend trillions to artificially prop up the economy and levitate the stock market illustrates just how severe the underlying problem really is and how much of a failure the attempts at central planning have been. Our national debt is a disgrace and a ticking time bomb.


34 posted on 04/15/2014 6:55:53 AM PDT by Starboard
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To: Mr. Lucky

There should be a law.

************
But only after multiple congressional committees hold dozens of hearings and commission several blue ribbon panels to study the matter. /sarc


35 posted on 04/15/2014 6:58:08 AM PDT by Starboard
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To: agere_contra
The gold market is 2% physical bullion and 98% paper promises

Sometimes I just don't understand what people are thinking, if they are thinking at all. The purpose of acquiring gold is to have something that's yours, is easy to keep safe, is easily identifiable, has a verifiable value, and can easily be traded or bartered. I'd think $5 gold bullion coins, current mint, are the best way to do that. I don't own any, it seems a little late to take that direction.

But why would anyone accept a piece of paper saying you have gold when the purpose of having gold is to have it?

Please, correct my thinking where I've gone astray.

36 posted on 04/15/2014 7:03:18 AM PDT by grania
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To: blam

Armenian and Chinese children are now being told “eat your peas, American children would love to have that”.


37 posted on 04/15/2014 7:03:25 AM PDT by IMR 4350
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To: SoFloFreeper

I am in Ventura and passed a ‘cheapo’ gas station last night. $4.28 for regular!!!! Premium, winch my car uses, was $4.60. Eeeekkkk!!!


38 posted on 04/15/2014 7:06:09 AM PDT by sheana
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To: sheana

So interesting that $4 gas was deadly for Republicans in 2008 and not for Dems in 2012.


39 posted on 04/15/2014 7:07:56 AM PDT by nascarnation (Toxic Baraq Syndrome: hopefully infecting a Dem candidate near you)
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To: 1Old Pro

Ethanol?


40 posted on 04/15/2014 7:08:36 AM PDT by dhs12345
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To: sheana

Wait until Democrats add the carbon tax.


41 posted on 04/15/2014 7:09:33 AM PDT by dhs12345
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To: blam

When Obama was first annointed my average grocery bill was $150

Now, with the saame spending patterns, I am lucky when it does not exceed $300. And I have spent as much as $400.


42 posted on 04/15/2014 7:17:44 AM PDT by Mr. K (If you like your constitution, you can keep it...Period. PALIN/CRUZ 2016)
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To: blam
UnexpectedlyØTM
43 posted on 04/15/2014 7:18:14 AM PDT by tomkat (3% +1)
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To: Mr. K

I bought a fist sized package of 85/15 ground beef on Sunday for $5. My fist too. Not even a man’s fist.


44 posted on 04/15/2014 7:20:06 AM PDT by riri (Plannedopolis-look it up. It's how the elites plan for US to live.)
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To: IMR 4350

Stolen and tweeted. (:


45 posted on 04/15/2014 7:21:35 AM PDT by riri (Plannedopolis-look it up. It's how the elites plan for US to live.)
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To: grania

I can’t correct your fhinking except to say that if you don’t have anything, average in to those 1/10 ozers at a reasonable pace for your finances.


46 posted on 04/15/2014 7:21:52 AM PDT by Stentor (Maybe the Goldman Sachs thing is just a coincidence. /S)
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To: Mr. Lucky

LOL - good one.


47 posted on 04/15/2014 7:24:23 AM PDT by GOPJ (MSNBC reporters couldn't spot a criminal if he was at the company Christmas party.)
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To: blam

Unexpectedly!


48 posted on 04/15/2014 8:05:31 AM PDT by E. Pluribus Unum ("The best way to control opposition is to lead it ourselves." -- Vladimir Ilyich Lenin)
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To: Mr. Lucky
A wild expansion of the money supply results in inflation.

That's the idea going around lately; it makes sense that having the gov't print lots of money makes prices and wages soar.  Thing to understand is that it's not what's been happening. 

Money supply growth used to be 10-15% yearly back when we had an economy, but when the war on business began people laid off employees and the unemployed stopped buying.  That crashed prices, and it was the deflation in 2009 that crashed the money supply in 2010:

 

 

 

The wild swings were '08-'11 and since then both money growth and inflation have been winding down.

49 posted on 04/15/2014 8:51:47 AM PDT by expat_panama
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To: blam

Oh, “core” prices—necessities like electronics and furniture?


50 posted on 04/15/2014 1:56:42 PM PDT by CommieCutter ("For an idea to be too simplistic, it must first be proven wrong" --Thomas Sowell)
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