Keyword: cpi

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  • Consumer Prices Plunge Most Since December 2008 ("US economy is well on the road to recovery")

    12/17/2014 7:01:23 AM PST · by blam · 31 replies
    Zero Hedge ^ | 12-17-2014 | Tyler Durden
    Tyler Durden 12/17/2014Great news: The prices consumers pay dropped 0.3% MoM in November - the biggest deflation since Dec 2008. Of course, The Fed will be in "considerable" panic mode at this data and may choose to crush the hope of so many that rate hikes are coming in mid-2015 as definitive evidence that the US economy is well on the road to recovery. Ex-Food-and-Energy, prices rose 1.7% YoY - slightly missing expectations of +1.8%. Of course, a big driver of this 'transitory' disinflation is a 10.5% YoY drop in Gasoline and 6.6% MoM drop in November. Despite this huge...
  • Consumer Price Index Has Been Reconfigured Since Early-1980s So As to Understate Inflation

    12/15/2014 8:57:20 AM PST · by T Ruth · 11 replies
    Shadow Government Statistics ^ | April 8th, 2013 | John Williams
    Sub-Headlines: CPI no longer measures the cost of maintaining a constant standard of living. CPI no longer measures full inflation for out-of-pocket expenditures. With the misused cover of academic theory, politicians forced significant underreporting of official inflation, so as to cut annual cost-of-living adjustments to Social Security, etc. Politicians look to expand further the concept of artificially-suppressed cost-of-living adjustments in current budget-deficit negotiations [in 2013], through the use of the Chained-CPI (see Special C-CPI Supplement at end of this document). Use of the CPI to adjust retirement benefits, private income or to set investment goals impairs the ability of retirees,...
  • Inflation VS The Deflationary Straw Man

    08/23/2014 2:01:10 PM PDT · by blam · 2 replies
    Market Oracle ^ | 8-23-2014 | Gary_Tanashian
    August 23, 2014 Gary_Tanashian No matter the debates over inflation vs. deflation, increasing employment vs. sound monetary policy or systemic health vs. fragility (and whatever else is flying around in Jackson Hole this week), the CPI marches onward and upward. That is the system and it is predicated on creating enough money out of thin air while inflation signals are (somehow) held at bay. The Straw Man* in this argument lives in the idea that inflation is not always destructive, that inflation can be used for good and honed, massaged and targeted just right to achieve positive ends to defeat...
  • How and Why the CPI Was Destroyed as an Accurate Measure of Price Inflation

    07/25/2014 3:11:11 PM PDT · by george76 · 31 replies
    EPJ - Shadowstats ^ | July 23, 2014 | John Williams
    In the early-1990s, political Washington moved to change the nature of the CPI. The contention was that the CPI overstated inflation (it did not allow substitution of less-expensive hamburger for more-expensive steak). Both sides of the aisle and the financial media touted the benefits of a “more-accurate” CPI, one that would allow the substitution of goods and services. The plan was to reduce cost of living adjustments for government payments to Social Security recipients, etc. The cuts in reported inflation were an effort to reduce the federal deficit without anyone in Congress having to do the politically impossible: to vote...
  • ABC Revives Soros-Funded Attacks on Johns Hopkins and Coal Companies

    06/09/2014 9:29:44 AM PDT · by lowbridge · 5 replies
    newsbusters ^ | june 6, 2014 | sean long
    Building on a long week of anti-coal attacks by the media and the Environmental Protection Agency, ABC’s June 5 “World News” revived another attack on the coal industry. ABC hyped a 2013 investigation that it conducted in partnership with the Soros-funded Center for Public Integrity (CPI). It alleged that the Johns Hopkins Medical Institutions had essentially been bought off by coal companies to ignore cases of black lung disease in miners. ABC’s David Muir declared a “victory a long time in the making,” Johns Hopkins’ Dr. Paul Wheeler for allegedly “working for the coal company.” (video after break) On October 30, 2013, ABCNews.com...
  • Census office survey scandal grows as inflation stats faked

    03/27/2014 9:44:30 AM PDT · by lowbridge · 64 replies
    nypost.com ^ | march 26, 2014 | john crudele
    The Census Bureau’s Philadelphia office wasn’t just corrupting the nation’s unemployment rate by fabricating data. It was also filing false information about inflation in this country. Just how large an effect this fraud was having on the Consumer Price Index (CPI) — and consequently the cost of living adjustments for Social Security recipients and others — is not yet known.
  • Price of Ground Beef Climbs to Another Record High

    03/18/2014 8:47:09 PM PDT · by Olog-hai · 46 replies
    Cybercast News Service ^ | March 18, 2014 - 2:49 PM | Ali Meyer
    The seasonally adjusted price index for uncooked ground beef jumped 3.8 percent from January to February, as the average price for a pound of 100-percent ground chuck rose from approximately $3.59 in January to a new record high of $3.73 in February, according to data released today by the Bureau of Labor Statistics. The BLS’s seasonally adjusted price index measures the relative change in the price of product from a baseline of 100. From January to February, the price index for uncooked ground beef rose from 248.864 to 258.323, its highest level ever. The 258.323 price index also indicates that...
  • US consumer prices tick up just 0.1 percent last month despite big gain in energy costs

    02/20/2014 8:11:42 AM PST · by xzins · 167 replies
    Associated Press ^ | 20 Feb 14 | CHRISTOPHER S. RUGABER
    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...
  • Common Misconceptions about the Consumer Price Index: Questions and Answers

    12/11/2013 8:31:00 AM PST · by tired&retired
    U.S. Department of Labor Bureau of Statistics ^ | John Greenlees and Robert McClelland
    Some common misconceptions about the Consumer Price Index (CPI.) Those analyses are summarized here: Has the BLS removed food or energy prices in its official measure of inflation? The CPI used to include the value of a house in calculating inflation and now they use an estimate of what each house would rent for -- doesn't this switch simply lower the official inflation rate? When the cost of food rises, does the CPI assume that consumers switch to less expensive and less desired foods, such as substituting hamburger for steak? Is the use of "hedonic quality adjustment" in the CPI...
  • Obama Runs into Rare Opposition from AARP

    04/10/2013 10:06:37 AM PDT · by Vigilanteman · 14 replies
    AARP Action Newsletter ^ | 10 April 2013 | AARP
    What do Presidents Bush Sr., Clinton, and Bush Jr. all have in common? None of them cut Social Security to reduce the deficit – but President Obama's new budget proposal will do just that. His plan would especially slash benefits for future retirees, and the cuts just keep getting worse year over year. President Obama included these cuts, known as the chained CPI, in his "grand bargain." He released his budget today, and he needs to hear that these cuts are completely unacceptable.
  • Tinkering With CPI Won't Erase Social Security's Insolvency

    01/17/2013 8:52:39 AM PST · by SeekAndFind · 24 replies
    Real Clear Markets ^ | 01/17/2013 | Victor Nava
    2031 is likely the next 2012. No, the Mayan calendar hasn't been reinterpreted -- but the Social Security Administration's statistical projections have, and it's not looking good. A new study by professors Gary King of Harvard University and Samir Soneji of Dartmouth College finds that the Social Security Administration's (SSA) $2.7 trillion trust fund that is supposed to fund the retirement of baby boomers, will be exhausted in 2031 -- two years earlier than the SSA's original projection. Indeed, 2010 was the first time in more than 25 years that Social Security ran a deficit; spending $49 billion more in...
  • Why Reported Inflation Seems Different Than Reality

    12/23/2012 10:30:36 AM PST · by arthurus · 43 replies
    Zero Hedge ^ | 20 December 2012 | Tyler Durden
    But the manipulation of the data did not stop there. Aside from the weighting changes the BLS instituted a system of “hedonic” adjustments. Hedonics adjusts the prices of goods for the increased pleasure the consumer derives from them. “That new washing machine you bought did not cost you 20% more than it would have cost you last year, because you got an offsetting 20% increase in the pleasure you derive from pushing its new electronic control buttons instead of turning that old noisy dial, according to the BLS. When gasoline rises 10 cents per gallon because of a federally mandated...
  • TruNews: Guest John Williams of Shadowstats

    07/10/2012 5:23:35 PM PDT · by Errant · 2 replies
    TruNews.com ^ | July 10, 2012 | Rick Wiles
    Rick Wiles interviews statistician John Williams who enlightens us on how the US government embelishes the numbers when releasing their economic reports
  • Lawmakers pushing to tie California minimum wage to consumer price index

    04/24/2012 9:25:48 AM PDT · by SmithL · 14 replies
    Sacramento Bee ^ | 4/24/12 | Jim Sanders
    Gasoline was selling for $3.33 a gallon, Jerry Brown was attorney general, and California was bracing for a budget crisis when the state's hourly minimum wage rose to $8 in early 2008. Fast forward to now, and much has changed: Gas is almost a dollar higher, Brown is governor, and the state is reeling from years of red ink. But the minimum wage hasn't budged a cent. New legislation would change that, ensuring future increases for the state's lowest-wage workers while letting lawmakers evade political heat by taking the hot-button issue out of their hands. Assembly Bill 1439 by Assemblyman...
  • Soaring Food Costs Mean a Garden is as Good as Gold

    04/16/2012 4:57:26 AM PDT · by orsonwb · 26 replies
    The How Do Gardener ^ | 04/15/2012 | Rick Bickling
    According to the US Bureau of Labor Statistics, Consumer Price Index Data for March 2012, the Consumer Price Index for fresh vegetables purchased for home use rose 4.5 percent from the same time last year. Recent USDA data also shows that the price of grains such as corn, wheat, rice, and soybeans has increased 234% since January 2002...
  • Study: Statehouses at high risk for corruption

    03/18/2012 11:37:35 PM PDT · by Olog-hai · 17 replies
    Associated Press ^ | Mar. 19, 2012 12:01 AM ET | Wayne Parry
    State governments lack transparency and accountability to citizens, and remain at high risk for corruption, according to a new study of all 50 statehouses. Not a single state received an A in the State Integrity Investigation ranking, a product of the Center for Public Integrity, Public Radio International and Global Integrity. … Only five states got rankings of B, led by a surprising recipient: New Jersey. It got a B-plus, with an overall score of 87 out of a possible 100. Despite — or perhaps because of — recent corruption scandals, New Jersey got the top ranking because of steps...
  • Higher gas prices push inflation rate increase to 10-month high

    03/16/2012 3:21:48 PM PDT · by tobyhill · 11 replies · 1+ views
    LA Times ^ | 3/16/2012 | Don Lee
    In another sign that higher gas prices are squeezing consumers, the government's monthly measure of inflation rose in February at the strongest pace since last April. The consumer price index jumped 0.4% last month from January, mostly because of energy prices, which increased 3.2% over the month, the Bureau of Labor Statistics reported Friday. Compared to a year ago, the February inflation index was up 2.9%, the same annual rate as in January.
  • Redesigning the Consumer Price Index (CPI) Press Release Tables [gubmint inflation data]

    03/05/2012 11:50:12 AM PST · by matt1234 · 17 replies
    U.S. Bureau of Labor Statistics ^ | January 19, 2012 | unknown
    The format of the tables contained in the CPI News Release will change beginning with the CPI News Release for March, 2012, which will be issued on Friday, April 13, 2012. News Release tables are currently available as part of the News Release pdf and html files, and independently in html format. The new tables will also be available in Excel format. In addition, the BLS will begin issuing monthly companion Excel files, which will contain additional index level and CPI-W information. These tables were made available for public comment during October 2011. In response to the public comments, the...
  • Real inflation at 8%?

    03/01/2012 9:07:04 AM PST · by SeekAndFind · 12 replies · 2+ views
    Hotair ^ | 03/01/2012 | Ed Morrissey
    Ben Bernanke claims not to worry over the inflationary impact of rising gas prices. In testimony to the House Financial Services Committee yesterday, the Fed chair said that gas price hikes would temporarily bump inflation upward and reduce disposable income, but that the impact would not be lasting, nor deflect from the long-term trend of stable inflation rates: Federal Reserve Chairman Ben Bernanke downplayed the long-term consequences of high gasoline prices on Wednesday, while urging lawmakers to establish a careful plan to restore the country’s fiscal sustainability. …The economy will likely see short-term inflation from higher gasoline prices, which could...
  • Inflation: Biggest rise in CPI in 3 years (economy slowdown plus inflation-Carter Part II?)

    10/19/2011 3:13:18 PM PDT · by Signalman · 12 replies
    CNNMoney ^ | 10/19/2011 | Chris Isidore
    NEW YORK (CNNMoney) -- Inflation took a bigger bite out of consumers' wallets over the last 12 months, with September marking the biggest rise in three years. But at the same time, monthly price increases are starting to slow. The Consumer Price Index, the government's key measure of inflation at the retail level, jumped 3.9% in September from the year before. Higher food and energy prices again were the biggest culprits, with food 4.7% more expensive than a year earlier, and energy prices jumping 19.3%. Even core CPI, which strips out volatile food and energy prices, posted a 2% gain...
  • George Soros: Media Mogul (Lefty Businessman Spends Millions Funding Journalism)

    08/19/2011 8:23:22 AM PDT · by markomalley · 19 replies
    Media Research Center ^ | August 15, 2011 | Dan Gainor and Iris Somberg
    On April 8, House Democratic leader Nancy Pelosi headlined a Boston conference on ''media reform.'' She was joined by four other congressmen, a senator, two FCC commissioners, a Nobel laureate and numerous liberal journalists. The 2,500-person event was sponsored by a group called Free Press, one of more than 180 different media-related organizations that receives money from liberal billionaire George Soros. Soros, who first made a name for himself in investing and currency trading, now makes his name in politics and policy. Since the 2004 election, the controversial financier has used his influence and billions to push a laundry list...
  • Change To Inflation Measurement On Table As Part Of Budget Talks -Aides

    06/22/2011 7:37:29 AM PDT · by RightGeek · 28 replies
    NASDAQ/Dow Jones ^ | 6/22/11 | Corey Boles and Janet Hook
    WASHINGTON -(Dow Jones)- Lawmakers are considering changing how the Consumer Price Index is calculated, a move that could save perhaps $220 billion and represent significant progress in the ongoing federal debt ceiling and deficit reduction talks. According to congressional aides familiar with the discussions, the proposal would shift how the Consumer Price Index is calculated to reflect how people tend to change spending patterns when prices increase. For example, consumers tend to drive less when gas prices increase dramatically. Such a move is widely seen by economists as resulting in a slower rise in inflation. That would impact an array...
  • Inflation rises at fastest rate since October 2008

    05/13/2011 6:19:40 AM PDT · by tobyhill · 10 replies
    cnn ^ | 5/13/2011 | staff
    Inflation accelerated to its fastest annual pace in two and a half years in April, as surging gas prices continued to hit American consumers. The Consumer Price Index, the government's key inflation measure, rose 3.2% over the last 12 months ended April 30, according to Friday's report from the Labor Department. It was the biggest 12-month jump since October 2008.
  • Hey Ben Bernanke, are $5 Wheaties a fluke?

    04/27/2011 1:07:41 PM PDT · by SeekAndFind · 14 replies
    Christian Science Monitor ^ | 04/27/2011 | Bill Bonner
    We’ve always wondered why there is so much debate about the rate of inflation. It seems like such a simple thing to track. You go in the store. You buy a box of Wheaties. You write down the price. Next month, you do the same thing. What’s so hard about that? But what if the box is smaller next month? What if the Wheaties are twice as good? What if you can get the same enjoyment from a box of Wheatie-Puffs at half the price? What’s the real rate of inflation? It depends on how you figure it. The Labor...
  • Misconceptions about the CPI (FR Thread to Prove or Disprove CPI and Shadow Stats)(17page PDF file)

    04/15/2011 9:08:02 AM PDT · by Uncle Miltie · 39 replies
    Bureau of Labor Statistics ^ | 2008 | John S. Greenlees and Robert McClelland
    Addressing misconceptions about the Consumer Price Index A number of longstanding myths regarding the Consumer Price Index and its methods of construction continue to circulate; this article attempts to address some of the misconceptions, with an eye toward increasing public understanding of this key economic indicator. The Consumer Price Index (CPI), published by the Bureau of Labor Statistics (BLS), has generated controversy throughout its history. A soon-to-be-published article by Marshall Reinsdorf and Jack Triplett discusses the many past reviews of the methods and data used in the CPI’s construction.1 Beginning with an advisory committee appointed by the American Statistical Association...
  • Why You Can't Trust the Inflation Numbers (Real # is 10%)

    01/29/2011 6:30:05 AM PST · by Erik Latranyi · 60 replies
    Wall Street Journal ^ | 26 January 2011 | Brett Arends
    A surprising number of people on Wall Street will tell you not to worry too much about inflation. After all, they'll say, just look at the numbers. The inflation picture is incredibly benign. In the past 12 months the Consumer Price Index has risen just 1.5%—a remarkably low rate. And when you strip out volatile food and energy costs, they'll say, it's even lower—a meager 0.8%. It doesn't stop there. Many economists will point out that wages are also rising by less than 2% a year. With so many people still out of work, goes the line, labor costs are...
  • CPI And Retail Sales: Oops

    01/14/2011 5:14:35 PM PST · by FromLori · 15 replies
    The Market Ticker ^ | 1/14/2011 | Karl Denninger
    This isn't good folks. The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.5 percent in December on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 1.5 percent before seasonal adjustment. The big gains here were in energy, up 4.6%. Coming right into the cold months this is not helpful. Not only was gasoline up 9.5% but fuel oil was up 4.9, which in the Northeast is a primary fuel. Natural gas was also up 1.4%. A look inside the data tables confirms - energy...
  • Covert Propaganda, War, Journalists, Etc.

    01/11/2005 3:21:34 PM PST · by youngtory · 3 replies · 303+ views
    LaShawn Barber's Corner ^ | January 11, 2005 | LaShawn Barber
    Covert Propaganda, War, Journalists, Etc. In 1917, President Woodrow Wilson wanted to generate support from the isolationist camp to intervene in the war in Europe. According to various sources, including PBS, he formed the Committee on Public Information, also known as the “Creel Commission,” to spread anti-German sentiment. Wilson hired a “muckraking” journalist named George Creel to push official and pro-war information, and history shows he was successful, although many supported the war on principle, as well. (See Cartooning for Victory and Four Minute Men: Volunteer Speeches During World War I — Are the sources biased? Probably, but as long...
  • Like Hell There's No Inflation (An ordinary American weighs in on today's CPI).

    11/17/2010 8:05:34 AM PST · by WebFocus · 28 replies
    Business Insider ^ | 11/17/2010 | Henry Blodget
    After we published our note on today's CPI--There's Still No Inflation--we received the following note. It expresses a sentiment we expect many Americans will agree with, at least with respect to prices. As the saying goes, the CPI's a fine price measure--as long as you don't eat or drive. No inflation? Indeed. Latest real prices: · Post Raisin Bran goes from 2.50 to 3.00 per box at Walmart. · My favorite yogurt goes from .50 to .58 each at Walmart. · Cherry tomatoes go from 4.98 to 5.98 per package. · Walnuts go from 9.98 to 13.98 per bag at...
  • What's America's real inflation rate? (Flashback: Why are food & energy costly with low inflation?)

    11/10/2010 5:55:15 PM PST · by Qbert · 40 replies · 6+ views
    WND ^ | 3/19/2008 | Jerome R. Corsi
    Why is it that the federal government says the U.S. has virtually no inflation – less that 2 percent – but everything keeps getting more expensive, especially food and gasoline? Today, gasoline is well above $3.00 a gallon. "Sticker shock" comes not just from the cost of buying a new car, but from the $50.00 or more it costs to fill up the gas tank, even if you don't own an SUV. [Snip] Still, the U.S. Department of Labor's Bureau of Labor Statistics reported in August 2007 a remarkably low inflation rate of only 1.7 percent. Solving this riddle –...
  • College Living Prices Rise Faster Than Inflation

    11/09/2010 1:23:59 PM PST · by Qbert · 28 replies · 1+ views
    US News.com ^ | 11/8/2010 | Kim Clark
    While some recent improvements in federal financial aid have reduced the pain of skyrocketing tuition prices, the total cost of a year at a typical public university campus, which includes dorm accommodations and cafeteria meal plan charges, is still rising faster than regular inflation and average incomes. A report issued by the College Board in late October documented how standard dorm and meal plan contract prices have been rising faster than inflation for more than a decade. The figures are in 2010 dollars. In other words, in the fall of 2000, the average public university billed students about $4,900 for...
  • Mortgage holders will have banks by the short hairs ( + QE/ Deceptive CPI Numbers/ Fake Earnings)

    10/16/2010 9:43:14 AM PDT · by Para-Ord.45 · 32 replies
    http://www.nypost.com ^ | 10/13/2010 | John Crudele
    If you think there is chaos in the housing market now, just wait. ...Retirees tomorrow will officially get the bad news: no cost of living adjustment from Social Security again this year. ...THIS YEARS CONSUMER`S PRICES ARE BEING COMPARED WITH `08s. ...Even as the Fed is rumored to be thisclose to flooding the economy with more money, it suddenly did something called a "re verse repo." ... JPMorgan Chase managed to produce excellent earnings through accounting trickery
  • Increasing Rents And A Rising CPI Are About To Push Bernanke Into A Corner

    10/11/2010 6:48:19 AM PDT · by blam · 6 replies
    The Business Insider ^ | 10-11-2010 | Joe Weisenthal
    Increasing Rents And A Rising CPI Are About To Push Bernanke Into A Corner Joe Weisenthal Oct. 11, 2010, 9:09 AM The most widely used measure of inflation is the CPI, and despite the threat of deflation, that number has stabilized and it might start moving up again. First of all, the global commodity surge could easily filter through to higher end-user prices. And then a biggie -- rents -- are turning up again. The below chart from Morgan Stanley tells that story. It seems possible that the Fed will be backed into a corner even before it can get...
  • Administrative Bloat at American Universities (Look at College Tuition vs CPI)

    09/08/2010 8:32:56 AM PDT · by SeekAndFind · 11 replies
    Carpe Diem ^ | 09/08/2010 | Mark J. Perry
    Why is college tuition rising so much faster than prices in general, faster even than the unsustainable rise in home prices that led to a housing bubble (see top chart above)? Well, here's one explanation from the Goldwater Institute's report "Administrative Bloat at American Universities: The Real Reason for High Costs in Higher Education": "Enrollment at America’s leading universities has been increasing dramatically, rising nearly 15 percent between 1993 and 2007. But unlike almost every other growing industry, higher education has not become more efficient. Instead, universities now have more administrative employees and spend more on administration to educate each...
  • Meltup (Video)

    06/28/2010 6:19:02 AM PDT · by combat_boots
    InflationUS ^ | May 13, 2010 | David N Gerard
    Discovered this video by accident. There is an update coming, too. This is on inflation/hyperinflation in the US. Here is some text from the YouTube Channel: "We have a very important week ahead for NIA members! On Monday evening, NIA will be releasing a Meltup Update Video. This 7 minute video has been produced in the same quality as Meltup and will discuss all of the most important economic events that have taken place since the release of Meltup. If you enjoyed watching Meltup, this Meltup Update Video will be a must see! On Tuesday evening, NIA will be announcing...
  • The Fed is going to have an inflation problem

    06/25/2010 3:30:03 AM PDT · by Scanian · 23 replies
    NY Post ^ | June 24, 2010 | John Crudele
    The Federal Reserve has another problem -- it just doesn't know it yet. The Fed didn't make any change to the interest rates it controls at the policy-making Open Market Committee meeting yesterday and said "inflation is likely to be subdued for some time." Well, maybe not for long -- at least as far as the government's statistics are concerned. Two years ago this column broke the news that something was amiss in the government's inflation reports, particularly the closely watched Consumer Price Index. In a column on May 20, 2008, I quoted a top government economist who helped put...
  • Waiting for Inflation? It's Already Here (Notice how prices of everyday things have gone up)

    06/13/2010 9:14:20 AM PDT · by SeekAndFind · 66 replies · 1,303+ views
    Minyanville ^ | 06/10/2010 | Robert Barone
    The difficulty lies, not in the new ideas, but in escaping from the old ones, which ramify, for those brought up as most of us have been, into every corner of our minds. -- John Maynard Keynes Much of the western world is mired in debt. American consumers are walking away from their suffocating mortgage payments in droves, and consumer credit outstanding has barely declined. To make matters worse, the US is suffering from the highest level of unemployment since the Great Depression. Many economists, market gurus, and television talking heads are waiting for the moment inflation strikes. Here's the...
  • More Deflation: CPI -0.1

    05/19/2010 6:18:36 AM PDT · by blam · 11 replies · 416+ views
    The Business Insider ^ | 5-19-2010 | Vincent Fernando, CFA
    More Deflation: CPI -0.1% Vincent Fernando, CFA May. 19, 2010, 8:31 AM April inflation was -0.1% vs. 0.1% expected. Core inflation, ex-food and energy, was 0% vs 0.1% expected. The full release is below. --- On a seasonally adjusted basis, the Consumer Price Index for All Urban Consumers (CPI-U) declined 0.1 percent in April, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the index increased 2.2 percent before seasonal adjustment. The index for energy decreased 1.4 percent in April and accounted for the seasonally adjusted decline in the all items index. The indexes for gasoline...
  • Hit the brakes, Ben (Prices are rising even if CPI isn't)

    02/23/2010 1:49:07 PM PST · by FromLori · 13 replies · 421+ views
    Market Watch ^ | 2/23/10 | Irwin Kellner
    Later this week, Federal Reserve Chairman Ben Bernanke will present his semi-annual report on monetary policy to the Congress. In it he will probably go to great lengths to reassure policymakers that the Fed intends to keep flooding the economy with liquidity for a while longer. But instead of keeping the pedal to the metal, Bernanke should be talking about hitting the brakes. Even though unemployment is high and business has lots of spare capacity, inflation has returned -- although you wouldn't know it from a glance at the behavior of the consumer price index. However, if you examine the...
  • CPI Number Reported INTENTIONALLY INCORRECT?

    02/20/2010 12:03:35 PM PST · by FromLori · 27 replies · 691+ views
    The Market Ticker ^ | 2/20/10 | Karl Denninger
    Remember the market's "cheering" of the "-0.1%" CPI-U reading (core) yesterday? There's a problem - it was wrong. Look at the highlighted numbers. Let's multiply them up. (5.966 x 0) + (.769 x -2.1) + (25.206 x -0.1) + (.347 x 0.4) / 32.288 = -0.12%, or -0.1%. But it was reported as -0.5% in the line directly above (inverted tone.) Oops. I didn't re-run the weightings for the entire series but a quick "eyeball" of the table shows that this should result in a CORE reading of 0.1% (positive), not the negative number reported. Will the BLS admit to...
  • January wholesale prices jump 1.4 percent ("double the expected pace")

    02/18/2010 6:05:11 AM PST · by coaltrain · 21 replies · 491+ views
    AP ^ | 02/18/10 | Martin Crutsinger
    Wholesale prices shot up at double the expected pace in January, propelled higher by big increases in energy costs. The surprisingly large jump was viewed as a temporary blip and not the start of inflation problems, however. The Labor Department said Thursday that wholesale prices rose 1.4 percent last month, reflecting higher costs for gasoline and other energy products. Private economists had expected a 0.7 percent increase. Core inflation at the wholesale level, which excludes energy and food, rose 0.3 percent in January, faster than the 0.1 percent increase economists had predicted. The 1.4 percent January rise in the department's...
  • Consumer Prices: Now Up 2.7% Year-Over-Year

    01/16/2010 6:54:20 AM PST · by blam · 37 replies · 797+ views
    Seeking Alpha ^ | 1-15-2010 | Tim Iacono
    Consumer Prices: Now Up 2.7% Year-Over-Year by: Tim Iacono January 15, 2010 The Labor Department reported a 0.1% rise in consumer prices from November to December and, largely due to much lower energy prices in early 2009, annual inflation is rising, now up to 2.7 percent, with a menacing trajectory. Of course, many will dismiss the higher year-over-year inflation rates as transitory, however, they will be with us for at least the first half of the year as long as current energy prices remain relatively high. While the price of gasoline hit bottom in December of 2008 at $1.65 a...
  • Consumer Confidence Dips Due to Jobs - And the Price of Oil?

    10/28/2009 3:16:55 AM PDT · by Son House · 23 replies · 1,501+ views
    Seeking Alpha ^ | October 28, 2009 | Seeking Alpha
    U.S. consumers turned decidedly more pessimistic in October, according to a report released Tuesday, with households increasingly worried about job prospects. The Conference Board, a private research group, said its monthly Consumer Confidence Index fell to 47.7 this month, from a revised 53.4 in September, which was originally reported as 53.1. The current month's reading was well below economists' projections of 53.2, according to a survey conducted by Dow Jones Newswires. The downturn in consumer confidence at this stage of the recovery is to be expected, as it has occurred in previous recoveries (please see chart below), and does not...
  • Japan prices tumble at record rate in August (core CPI -2.4% in Aug year-on-year)

    09/28/2009 10:06:40 PM PDT · by TigerLikesRooster · 13 replies · 994+ views
    AP ^ | 09/28/09 | Tomoko A. Hosaka
    Japan prices tumble at record rate in August Japan core consumer price index falls by record 2.4 percent in August By Tomoko A. Hosaka, Associated Press Writer On Monday September 28, 2009, 9:17 pm EDT TOKYO (AP) -- Prices in Japan tumbled at a record pace in August, intensifying concerns that deflation could undermine the country's fragile economic recovery. The country's key consumer price index, which excludes volatile fresh food prices, fell 2.4 percent from a year earlier amid rising unemployment and falling wages, the government said Tuesday. The figure marks the steepest decline since officials began compiling comparable data...
  • Japan: Jobless rate hits record 5.7%; CPI continues to slide (no green shoot)

    08/28/2009 5:25:53 AM PDT · by TigerLikesRooster · 6 replies · 335+ views
    Asahi Shimbun ^ | 08/28/09
    Jobless rate hits record 5.7%; CPI continues to slide THE ASAHI SHIMBUN 2009/8/28 The unemployment rate in July rose 0.3 point from June to a record high 5.7 percent, while fears of deflation increased with the latest drop in the consumer price index, reports showed Friday. The jobless rate, on a seasonally adjusted basis, has now risen for six consecutive months, the Ministry of Internal Affairs and Communications said. The previous record high was 5.5 percent marked in June and August 2002 and April 2003. The ratio of job offers to job seekers in July fell 0.01 point from June...
  • From Today's Numbers, A Recovery Is Hard to See

    08/14/2009 2:39:40 PM PDT · by SeekAndFind · 6 replies · 618+ views
    Seeking Alpha ^ | 8/14/2009 | Tom Lindmark
    Another day of economic data that doesn’t spell raging recovery. Industrial Production Capacity utilization increased slightly from 68.1% in June to 68.5% in July. Industrial production was up 0.5% which is the first increase in that number since December 2007. Manufacturing production was up 1% but that was almost entirely due to auto companies ramping up production after their summer shutdown which was exacerbated by the bankruptcies of GM and Chrysler. Taking autos outo fo the equation, manufacturing was up 0.2%. Overall, the economy still has enormous excess capacity. Their is nothing in these numbers to suggest that new investment...
  • Morning Market Report

    08/14/2009 6:32:09 AM PDT · by fiscon1 · 4 replies · 262+ views
    The Provocateur ^ | 08/14/2009 | Mike Volpe
    Markets indices were up slightly yesterday. Meanwhile, there is some breaking economic data to report. The Consumer Price Index came in flat in July, as expected. U.S. consumer prices were flat in July versus June as expected, but fell over the past 12 months by the most since 1950, government data showed on Friday.
  • Record fall in Japan consumer prices fuels deflation fears

    06/26/2009 8:25:28 AM PDT · by TigerLikesRooster · 11 replies · 511+ views
    Record fall in Japan consumer prices fuels deflation fears By The Associated Press TOKYO - Deflation is clawing its way back in Japan, and it's not good news for an economy trying to recover from its worst recession since the Second World War. Japan's key consumer price index tumbled at a record pace in May, the government said Friday. The core nationwide CPI, which excludes volatile fresh food prices, fell 1.1 per cent from the previous year in the third straight month of decline. The result marked the biggest fall since the government began releasing comparable data in 1971.
  • Consumer prices flat, industrial production dips

    05/15/2009 8:37:08 AM PDT · by TigerLikesRooster · 12 replies · 425+ views
    AP ^ | 05/15/09 | MARTIN CRUTSINGER
    Consumer prices flat, industrial production dips By MARTIN CRUTSINGER, AP Economics Writer Martin Crutsinger, Ap Economics Writer 4 mins ago WASHINGTON – Consumer prices were flat in April, while industrial production fell by the smallest amount in six months — further evidence that the recession's grip is slowly easing. The disappearance of inflation has been a product of the country's deep recession as surging job layoffs dampen wage pressures and weak consumer demand keeps a lid on price increases. Some economists are worried about a dangerous bout of falling prices, but most say that possibility remains remote because the Federal...
  • Food Giants Race to Pass Rising Costs to Shoppers

    08/08/2008 6:30:16 AM PDT · by shrinkermd · 66 replies · 1,075+ views
    Wall Street Journal ^ | 8 August 2008 | SCOTT KILMAN
    Companies throughout the food chain are changing the way they do business in response to soaring grain costs, and consumers are likely to bear the brunt in the form of rising food prices. Farmers are making the broadest cuts to their livestock herds in decades, meaning meat at the supermarket will likely cost more in coming years. Middlemen are trying to shorten the duration of supply contracts to 90 days from one year so they can pass on higher costs more quickly. And food brands are shrinking the contents of their packages, from ice-cream cartons to beverage containers. ...In another...