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Post by unlawflcombatnt on Feb 20, 2008 20:13:02 GMT -6
Today's CPI report shows that inflation is worsening. The 1-month increase in January CPI was +0.5%, making January's annualized CPI increase +6.0%. The CPI increase for just the last 3 months was +1.7%, for an annualized increase of +6.8% over the last 3 months. The price increases for food were much larger, especially for "food at home." Over the last 12 months, the food-at-home prices increased +5.8%. However, the 1-month increase for January 08 alone was +1.35%. This is an annualized rate of increase of +16%. Not surprisingly, previous CPI numbers have been altered by the Bureau of Labor Statistics, to reduce the calculated 2007 Consumer Price Index. As of November 4, 2007, the seasonally-adjusted Consumer Price Index for December 2006 was 202.8. As of today (Feb. 20, 2007), it was +0.5 points higher, at 203.3. This reduced the difference between the Dec 2006 and Dec 2007 indexes by -0.5. Had the earlier number been used, 2007 CPI would have increased 4.4%, instead of the 4.1% currently stated. Below is a copy of the November 07 Consumer Price Index, with a partial copy of the February 20, 2008 index at the bottom. The December numbers are underlined in red.
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Post by Ken on Feb 27, 2008 9:35:47 GMT -6
news.yahoo.com/s/ap/20080227/ap_on_bi_ge/bernanke_congressare you kidding me?! He gets a 12% wholesale inflation reading on the wholesale front and is talking about cutting interest rates again! Why? Does he was want CPI to hit 12% too. I hope he isnt thinking that he can stimulate real capital investment to slow inflation. I no longer believe that the Federal Reserve has any idea what it is doing.
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Post by db on Feb 27, 2008 17:44:45 GMT -6
There are lies, damn lies, statistics, and the Bush administration liars.
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