Article

2017-08-12 Economy

Inflation "Unexpectedly" Comes In Lower Than "Expected"

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Posted by Spike Spomoter7482 2017-08-12 00:00|| || Front Page|| [11128 views ] Top

#1 Where are these clowns getting their numbers? All prices are up these last few months. I especially noticed food, clothes and hardware.

Posted by gorb 2017-08-12 02:41|| 2017-08-12 02:41|| Front Page Top

#2 Core inflation, which excludes the more volatile food and energy components of the index

There's your answer, gorb. The government has been cooking the numbers for years to avoid raising Social Security payments and anything else indexed to inflation. My own food bills are double what they were just a few years ago.

Posted by PBMcL 2017-08-12 03:11|| 2017-08-12 03:11|| Front Page Top

#3 Their 'inflation' numbers are reliable as their unemployment numbers. Cooked. Then they wonder why their economic programs flounder. Welcome to Caracas.

Posted by Procopius2k 2017-08-12 03:36|| 2017-08-12 03:36|| Front Page Top

#4 All the Fed's prognostications and most econometric research is based on "a basket of goods nobody actually buys..."

Posted by M. Murcek 2017-08-12 08:01|| 2017-08-12 08:01|| Front Page Top

#5 I understand the price of arugula actually went down

Posted by g(r)omgoru 2017-08-12 08:43|| 2017-08-12 08:43|| Front Page Top

#6 "Core inflation, which excludes the more volatile food and energy components of the index" rather explains the GIGO.

Posted by Pappy 2017-08-12 09:31|| 2017-08-12 09:31|| Front Page Top

#7 They have a few different unemployment numbers as well - pick the one you like!

Posted by Raj 2017-08-12 10:31|| 2017-08-12 10:31|| Front Page Top

#8 Rising prices / increased cost of living, without a corresponding rise in wages isn't inflation. More accurate to call it "increasing poverty."

Posted by Anguper Hupomosing9418 2017-08-12 13:31|| 2017-08-12 13:31|| Front Page Top

#9 It's a tool of the Swamp. Get rid of it and replace it with something that makes sense and forces the politicians to do their job instead of hide in the smoke and slime in a hall of mirrors.

Posted by gorb 2017-08-12 13:46|| 2017-08-12 13:46|| Front Page Top

#10 #5 I understand the price of arugula actually went down
Posted by g(r)omgoru

and Kobe Beef. Sometime in late January

Posted by Frank G on the Road 2017-08-12 13:56|| 2017-08-12 13:56|| Front Page Top

#11 Packaged food prices have been remarkably steady for years.

Packaged food sizes, OTOH, not so much.
1 box does not a box make. Crackers down from 12 oz. to 8.5 oz.

Lies, damn lies and statistics.

Posted by AlanC 2017-08-12 14:26|| 2017-08-12 14:26|| Front Page Top

#12 Lies, damn lies and ~~statistics~~ packaging.

FIFY

Posted by CrazyFool 2017-08-12 15:58|| 2017-08-12 15:58|| Front Page Top

#13 Lay off the Fast-Food and your food dollars stretch a long way.
My Zojirushi 3-Cup Rice Cooker, A refridgerator, and a microwave made my cooking a lot simpler/cheaper. Bulk dried is so-o-o much cheaper than processed and amazingly cheaper than Fast-Food.

Posted by magpie 2017-08-12 17:54|| 2017-08-12 17:54|| Front Page Top

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