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Keyword: cpi

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  • Health care costs rise by most in 32 years

    09/16/2016 2:18:21 PM PDT · by Zakeet · 37 replies
    CNN ^ | September 16, 2016 | Patrick Gillespie
    Prices for medicine, doctor appointments and health insurance rose the most last month since 1984. The price increases come amid a broader debate about climbing health care costs and high premiums for Obamacare coverage. [Snip] Medical care costs altogether rose 1% just in August from July, according to the Consumer Price Index, a report on price inflation from the U.S. Labor Department.
  • Why The True Cost Of Living Is Much Higher Than We're Told (Or Sold)

    03/20/2016 6:23:09 PM PDT · by SkyPilot · 71 replies
    Zerohedge ^ | 20 Mar 16 | Adam Taggart and Tyler Durden
    Over the past decade, we've been told that inflation has been tame -- actually below the target the Federal Reserve would like to see. But if that's true, then why does the average household find it harder and harder to get by? The ugly reality is that the true annual cost of living is far outpacing the government's reported inflation rate. By nearly 10x in many parts of the country. This week, we welcome Ed Butowsky, developer of the Chapwood Index, to the program. His index is a 'real world' measure of how prices are increasing much faster than the...
  • Price of Ground Beef Hits Record in February: $4.238 Per Pound

    03/24/2015 12:20:19 PM PDT · by iowamark · 39 replies
    CNS ^ | 3/24/15 | Ali Meyer
    The average price of a pound of ground beef climbed to another record high in February, hitting $4.238 per pound, according to data released today by the Bureau of Labor Statistics (BLS). In August 2014, the average price for a pound of all types of ground beef topped $4 for the first time, hitting $4.013, according to the BLS. In September, the average price jumped to $4.096 per pound; in October, the average price climbed to $4.154 per pound; and in November, the average price climbed to $4.201 per pound. In December, the price declined slightly to $4.156 per pound....
  • 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,
  • Census office survey scandal grows as inflation stats faked

    03/27/2014 9:44:30 AM PDT · by lowbridge · 64 replies ^ | 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 ^ | 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.