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October PPI Rises 0.4%, ex-Food And Energy Down 0.6% On Expectations Of 0.1% Rise
Deflation in all the non-core items continues, even as your cotton-based and
coffee purchases are about to go up by 30%. The November PPI increased
by 0.4% on expectations of 0.8% (and previous 0.4%). More importantly,
the PPI ex the things one actually needs, food and energy, actually went
down by 0.6%, despite expectations of an unchanged print of 0.1% from
September, confirming that all semi-leverage requiring purchases are
getting trounced. Also, how the BLS got a -0.1% read in the food PPI is a
secret the Department of Truth will take with it to the grave. At least
there was some trace of honesty in energy price reporting, which jumped
by 3.7% - the highest since January.
Full BLS report.
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As often with inflation, it is the poor, spending a big proportion of their income on food, who feel the most pain. Food inflation is 10.1 per cent in China, 15.7 per cent in India and 16.1 per cent in Turkey. These are numbers that politicians ignore at their peril.
http://www.ft.com/cms/s/0/be402a42-f0db-11df-bf4b-00144feab49a.html#axzz15S1s4fNL
Just shrink the size of a box of crackers from 7 oz to 5.5 oz, and keep the price the same. Then, no one will notice.
"how the BLS got a -0.1% read in the food PPI is a secret the Department of Truth will take with it to the grave
Could be in how they define Food, ne? A 99c meal is food for some.
And gold MF has it right. Crushing food inflation in India, rising fuel prices, salaries starting to stagnate after a few years of boom boom. Not a recipe for happy endings here, that's for sure. And the inflation numbers are massaged just the same here too.
CPI/PPI/Jobs... the most manipulated stats in the world.
ORI
http://aadivaahan.wordpress.com
good 'ol "substitution" trickery game. thanks, clinton.
Inflation in what you need, deflation in what you want.
Mission accomplished! Carry on, the hamster wheel awaits.
Yep, exactly as a few have been saying for months in the 'inflation or deflation' argument for months- Inflation in what you need, deflation in what you have.
Yup. (Wink)
I'm hoping that someday no thinking person will care what the BLS has to say. May they get real jobs! If lying is all they know, perhaps there is room for them on TV.
Please don't give them ideas.
Just around the corner, government TV brought to you by the new government TV network.
BLS-TV
Well if PPI exCore is down, then CPI may be looking at a sub .3% print. This could get pretty ugly, quite quickly. I am just waiting for The Bernank to announce that QE2 was just boosted to $15T, so that he can get his fake inflation.
Real food prices like fruits and vegetables are actually lower because of favourable weather...only the stuff that is being speculated like cereals and cotton are increasing in price. I am sure Wall Street is dreaming of trading in green onion or spinach futures
sawyer,'
Where do you live?.
Prices on all fruit and vegetables here are so expensive they sell by the piece, not pound.
UNREAL..........
#33 canned corn, $.80ea, and that's at Dollar General.
Del Monte.
Off brand crap, 2 for a $1.00, mystery contents.(kinda like TREET,instead of SPAM, LOL).
Apples, $1.50 a pop,for Red Delicious,I do not even shop for fruit or meats.
And I rarely buy vegetables,unless for a special occasion.
These figures are just like the CPI, lies, liars, and damned liars.
Massive full green light for QE Infinity and Beyond!
Sour Grapes being: "We all were targeting deflationary statistics from the various bureaus, you saw them at the time!"
/need to buy more booze, TP, socks, and underwear./
I know I am a little slow, but let me see if I understand this.....price stability (inflation) coupled with lack of demand will squeeze corporate profits. Last time I checked companies with margin compression do not add workers they do the opposite?
How is this QE2 and price stability thing going to get us to full employment?
more FED double speak
The goal is trainwreck; the palatable lie is price stability, economic empowerment, and employment.
To what end?
For their shareholders. It is a foreign corporation you know. We all know the corporation needs to get as much for it's shareholders. Or else you're defrauding them.
The central bankers, are not the top of the food chain. Ben Bernanke is a WORKING MAN. (working wall street after dark)
Time to "Bring it Home"--all those boys gettin' waylayed by Islam et al--nothing but glory and flower petals at their feet now. I think the question can now be raised "have all we've been doing with bailouts is saving the drowning man"? Dangerous thing being a lifeguard...the person you're trying to rescue can "take you down with 'em." Since it would appear through yield curve inversion that "the Fed could care less whether or not it obliterates Wall Street" what was the point of the rescue? I mean "no less than ZH has claimed it's a private bank only interested in private interests." Apparently that's ITS private interests...but I won't even get into that...
When do we bring back de plantations?
I wish I was in de land ob cotton,
Old times dar am not forgotten,
Look away! Look away!
Look away! Dixie Land.
You sir obviously feel that you have been off the plantations.
soon. The land is already being amassed and the conditions created to ensure your indentured servitude for the remainder of your days. Hopefully your slave master does not have a penchant for the hair butt.
Bwaahhh!
I would suggest that the -1% food inflation is due to volume shrinkage while maintaining prices more or less constant. I doubt that there is a volume adjustment in the basket. i.e. 1 loaf of bread, 1 can of tuna etc....
-1% food inflation
A Lie straight from the PIT of Hell.Food prices have been up for 2yrs.And now, they are really going up.
+1 Totally bogus..... Fantasy numbers....
WE are all supposed to be worried that BEN's plan of weaseling out of his debt by screwing us with inflation is not working. We're supposed to be better sacrifices on the altar of the FED!
As for keeping down the prices paid for food, the BLS employs the Escher system of pricing. If the price of beef goes up, then they substitute chicken. If the price of chicken goes up they substitute tofu. If the price of tofu goes up they substitute the equal dollar amount of beef.
That way, prices never go up.
http://sciencejunkies.com/media//2008/11/escher_stairs.jpg
Tyler- Might you mean Ministry of Truth, not Department of Truth?
Newspeak: Minitrue. Where Winston Smith toiled . . .
Aren't these bullshit government statistics just so nifty and handy? When stuff goes way up it CPI barely shows any increases, but when stuff goes down momentarily that registers at full weighting...
I have noticed inflation in the bullshit in statistics. It's up about 30% this month alone.
There is deflation in system and political integrity.