The Downtrend Returns: Inflation Disappoints As Empire Manufacturing Posts First Sub-Zero Print Since October 2011

The X-12/13-ARIMA seasonal adjustments on today’s data were not quite up to snuff as both the CPI, printing at 0.0% (or 1.4% Y/Y) on expectations of 0.2%, the biggest CPI miss since January and the Empire Manufacturing index, at -5.85 on expectations of a +7.00 print, posting the biggest miss in 14 months. Notably, the number of employees declined in August from 18.52 to 16.47, while margins got crushed as [...]

Student Price Index” shows steeper increase than CPI

Some students may have noticed that their budgets are a bit tighter this year. According to the K-State Economics Club, this is due to continued rising costs caused in part by inflation.

The rising cost of living can be attributed to higher prices in several areas that students are regular consumers of, such as gasoline, tuition, textbooks and housing. This year’s increase is very similar to [...]

Bloomberg: Energy prices already on rise

Following is the text of the July consumer prices from the Labor Department. Consumer Price Index – July 2011

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.5 percent in July on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 3.6 percent before seasonal adjustment.

The gasoline index rebounded from previous declines and rose sharply in [...]

Chain CPI – Another Nail In the Coffin Of Standard Of Living

Frequently Asked Questions about the Chained Consumer Price Index for All Urban Consumers (C-CPI-U)
“Traditionally, the CPI was considered an upper bound on a cost-of-living index in that the CPI did not reflect the changes in consumption patterns that consumers make in response to changes in relative prices.

“Since January 1999, a geometric mean formula has been used to calculate most basic indexes within the [...]

CPI: Gasoline and food prices continued to rise and together accounted for almost three quarters of the seasonally adjusted all items increase in March

by Zh

According to the BLS CPI came in line with expectations, and unchanged from last month, at 0.5%. CPI ex food and energy of 0.1% actually declined from last month’s 0.2%, and was below consensus of 0.2%. From the release: “The Consumer Price Index for All Urban Consumers (CPI-U) increased  0.5 percent in March on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics [...]

Gold May Fall on ECB Rate Rise but Rising Interest Rates Likely to Lead to Much Higher Prices

by Gold Core

Gold May Fall on ECB Rate Rise but Rising Interest Rates Likely to Lead to Much Higher Prices

Gold’s two consecutive days of nominal record highs have seen some profit taking as oil is flat, the dollar is marginally higher and the euro has fallen. The ECB’s 0.25 % interest rate hike may lead to further profit taking today but rising interest rates in [...]

QE engineered global dollar denominated inflation in daily essentials is now the greatest economic threat to billions of people across the world:

It threatens the middle classes of the West and it threatens the poor people of Asia, Africa and Latin America.

Since it threatens most, the poorest of the poor and creates desperation and great misery it also gestates violence in the form of food, fuel and cooking oil riots.
Thugs, tyrants and terrorists will surely exploit the desperation of the most deprived to advance their own malign and [...]

Worldwide Inflation Is Hitting Home

This article originally appeared in The Daily Capitalist.

Whichever way you look at it, price inflation is climbing:

From the BLS:

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.5 percent in February on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 2.1 percent before seasonal adjustment. Though the seasonally adjusted increase in the all items index was broad-based, the [...]

What Inflation Means To You: Inside The Consumer Price Index

DShort.com

Note from dshort: The charts below have been updated to include the March Consumer Price Index news release, for the February data.

The Fed justified the current round of quantitative easing “to promote a stronger pace of economic recovery and to help ensure that inflation, over time, is at levels consistent with its mandate” (full text).

In effect, the Fed is trying to increase inflation, operating at the [...]

Food, fuel and fiber inflation is NOW the greatest threat

1. Ignore the inflation in daily essentials and of course the CPI is satisfactory: this is equivalent to ignoring all the people who want to work but have not been able to find a job for so long that they have given up which makes the “unemployment” rate far lower than in reality.

2. Inflation benefits the US Regime in multiple ways which is why it [...]