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U.S. consumer prices climb 0.5% in March
Marketwatch ^ | 4.15.11 | Jeffry Bartash

Posted on 04/15/2011 6:03:36 AM PDT by Free Vulcan

WASHINGTON (MarketWatch) — The prices paid by American consumers rose sharply again in March, mainly because of higher gas and grocery costs, according to the latest government data.

The consumer price index rose 0.5% last month, the Labor Department reported Friday. The so-called core rate rose a lesser 0.1%.

Economists surveyed by MarketWatch had expected CPI, which tracks inflation at the retail level, to rise by 0.5% overall, or by 0.2% on a core basis.

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


TOPICS: Breaking News; Business/Economy; Government; News/Current Events
KEYWORDS: goods; inflation; prices; retail
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1 posted on 04/15/2011 6:03:44 AM PDT by Free Vulcan
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To: Free Vulcan
Recent unemployment data -- not good.
Recent inflation data -- not good.
Recent deficit data -- not good.

The "recovery" moves ahead.

2 posted on 04/15/2011 6:10:58 AM PDT by ClearCase_guy
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To: Free Vulcan

the Dept of Fudge is at it again! Gas goes up 35 cents and the inflation rate is .5%?


3 posted on 04/15/2011 6:12:36 AM PDT by Rodm
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To: Free Vulcan
The only silver lining is that the price of most goods other than food and energy, such as electronics or motor vehicles, have not risen much.

Too bad that the neccessities are food and fuel.

4 posted on 04/15/2011 6:14:57 AM PDT by commish (Freedom tastes sweetest to those who have fought to preserve it.)
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To: Rodm

Tell me about it. Gas rose almost 15% last month, Food rose 1.1% last month, but the overall rate was only 0.5% — time to wave the BULLS*** flag.

The fact is both unemployment and inflation are north of 10% no matter what bogus number mumbo jumbo DC tries to use.


5 posted on 04/15/2011 6:16:59 AM PDT by commish (Freedom tastes sweetest to those who have fought to preserve it.)
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To: ClearCase_guy

” The “recovery” moves ahead. “

Oh - by the way ——

http://www.freerepublic.com/focus/f-news/2705231/posts

Real Wages Fall For 5th Straight Month, Bad News For Obama


6 posted on 04/15/2011 6:17:01 AM PDT by Uncle Ike (Rope is cheap, and there are lots of trees...)
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To: Free Vulcan

Bovine Scat.


7 posted on 04/15/2011 6:18:15 AM PDT by mad_as_he$$
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To: commish

BINGO! That’s been my complaint. How often do you buy a computer? Once every few years? How often you buy gas? Once a week minimum? Their weighting is screwy because the lower income you are the more inflating necessities are going to bite you as they are a larger percentage of your income.

I read here on FR that under the old calculations inflation is around 10%.


8 posted on 04/15/2011 6:19:19 AM PDT by Free Vulcan (Vote Republican! You can vote Democrat when you're dead.)
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To: commish

“Too bad that the neccessities are food and fuel”

Eat your Ipad.


9 posted on 04/15/2011 6:25:48 AM PDT by quesney
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To: Free Vulcan

Looking at the numbers in the article I would put it at closer to 12-13% now, it was around 10 last month.


10 posted on 04/15/2011 6:26:33 AM PDT by commish (Freedom tastes sweetest to those who have fought to preserve it.)
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To: Free Vulcan

Give the lying Bernanke Fed, our government and politicians time and they’ll figure out a way to adjust the index so that it indicates no inflation in the pipeline.

The Federal Reserve is continuing to pump a false economy for their Wall St and banker friends while the dollar gets crushed.


11 posted on 04/15/2011 6:28:14 AM PDT by apoliticalone (Conservatism is about putting the USA first, not international bankers and corporations)
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To: Free Vulcan
I read here on FR that under the old calculations inflation is around 10%.

--and absolutely everything on the FR is always true.  OK, I'm joking but the point is that what we're getting here with this 'old calculation' story is a bogus urban legend.

12 posted on 04/15/2011 6:33:13 AM PDT by expat_panama
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To: commish

In the government approved inflation rates anything that goes up does not count. It looks much better that way.


13 posted on 04/15/2011 6:36:08 AM PDT by screaminsunshine (Shut up and eat your Beans!)
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To: expat_panama

Silver is at 43 per ounce. Up from about 12 not long ago.


14 posted on 04/15/2011 6:37:54 AM PDT by screaminsunshine (Shut up and eat your Beans!)
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To: Free Vulcan
But, but, but Food prices dropped! -bs report from yesterday
15 posted on 04/15/2011 6:45:38 AM PDT by frogjerk (I believe in unicorns, fairies and pro-life Democrats.)
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To: expat_panama
Here is the link to the article that I was referring to.
16 posted on 04/15/2011 6:46:12 AM PDT by Free Vulcan (Vote Republican! You can vote Democrat when you're dead.)
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To: commish

From Rooters:

“Core inflation rises mildly, earnings fall

The mild rise in core CPI — which excludes food and energy and is watched by the Federal Reserve for monetary policy — may be seen as vindication for officials at the U.S. central bank who have viewed the recent energy price spike as having a temporary effect on inflation.”

http://finance.yahoo.com/news/Core-inflation-rises-mildly-rb-3558717487.html?x=0&sec=topStories&pos=main&asset=&ccode=

what a freeking joke.


17 posted on 04/15/2011 6:49:08 AM PDT by MulberryDraw
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To: expat_panama; Free Vulcan
the point is that what we're getting here with this 'old calculation' story is a bogus urban legend.

No, it's not.

18 posted on 04/15/2011 6:54:06 AM PDT by rabscuttle385 (Live Free or Die)
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To: Free Vulcan
I read here on FR that under the old calculations inflation is around 10%.

Unfortunately, no one has tried doing the old calculations.

19 posted on 04/15/2011 6:55:46 AM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Toddsterpatriot

See the link at my post #16.


20 posted on 04/15/2011 6:58:57 AM PDT by Free Vulcan (Vote Republican! You can vote Democrat when you're dead.)
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