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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]