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Except For Food And Gas, September Inflation Barely Higher

Tyler Durden's picture




 

September core CPI, ex such trivial, hedonically displacable items as food and energy (remember: when in doubt, just nibble on your obsolete first generation iPad, for which you waited hours in line - cause Bill Dudley said so) rose a tiny 0.1%, on expectations of a 0.2% pick up. Of course, for those lucky few who still get to eat and/or have a job to drive to, inflation rose by 0.6% in September from August, higher than expectations of a 0.5% increase. Luckily, in America the intersection of the Venn Diagrams for those who i) eat and ii) drive is so small it is barely worth mentioning...

The less than pretty chart:

Another less than pretty chart (via FRED):

From the report:

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.6 percent in September on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 2.0 percent before seasonal adjustment. For the second month in a row, the substantial increase in the all items index was mostly the result of an increase in the gasoline index, which rose 7.0 percent in September after increasing 9.0 percent in August. The other major energy indexes increased in September as well. The food index increased 0.1 percent in September; the index for food at home was unchanged as major grocery store food indexes continue to be mixed. The index for all items less food and energy rose 0.1 percent for the third month in a row. Indexes for shelter, medical care, apparel, and airline fares were among those that increased, while the indexes for used cars and trucks, new vehicles, personal care, and household furnishings and operations all declined.

The segment breakdown:

What about food and energy;

Food

 

The food index rose 0.1 percent in September after a 0.2 percent increase in August. The index for food at home was unchanged in September after rising 0.1 percent the previous month. Among major grocery store food groups, the largest increase in September was in the index for nonalcoholic beverages, which rose 0.9 percent in September after declining in July and August. The indexes for dairy and related products and for other food at home also rose in September. The largest decline was for the index for meats, poultry, fish, and eggs, which fell 0.6 percent after rising in each of the three previous months. Also declining was the index for fruits and vegetables, which fell 0.4 percent as the fresh fruits index declined 0.9 percent. The index for cereals and bakery products fell 0.1 percent. The index for food at home has risen 0.8 percent over the last 12 months, the smallest figure since August 2010. The index for food away from home increased 0.2 percent in September and has risen 2.8 percent  over the last 12 months.

 

Energy

 

The energy index rose 4.5 percent in September after a 5.6 percent increase in August. The gasoline index increased 7.0 percent in September, its third straight increase. (Before seasonal adjustment, gasoline prices increased 4.1 percent in September.) Other energy indexes had increases similar to August: The fuel oil index increased 4.1 percent in September after rising 4.6 percent in August; the index for natural gas rose 2.0 percent in September following a 2.8 percent August increase; and the electricity index repeated its August increase of 0.2 percent. Over the last 12 months, the energy index has risen 2.3 percent (the August 12-month change was a 0.6 percent decline). The gasoline index has risen 6.8 percent over the last 12 months, and the index for fuel oil has increased 4.0 percent. In contrast, the index for natural gas has fallen 10.7 percent and the electricity index has declined 1.5 percent.

As for everything else...

All items less food and energy

 

The index for all items less food and energy increased 0.1 percent in September, the same increase as in July and August. The index for shelter repeated its August increase of 0.2 percent, with the rent index rising 0.3 percent and the index for owners’ equivalent rent increasing 0.2 percent. The medical care index rose 0.3 percent in September, with the hospital services index rising 0.6 percent. The index for airline fares rose 1.4 percent in September after declining in each of the three previous months. The apparel index turned up in September, rising 0.3 percent after declining 0.5 percent in August. Similarly, the tobacco index rose 0.2 percent in September after an August decline. In contrast to these increases, the index for used cars and trucks posted its largest decline since February 2009, falling 1.4 percent. The index for new vehicles turned down in September, decreasing 0.1 percent after increasing 0.2 percent in August. The indexes for household furnishings and operations and personal care also declined in September.

Full report here

 

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Tue, 10/16/2012 - 08:47 | 2893936 DeadFred
DeadFred's picture

Core CPI is below expectations. That's bullish because it means Ben can print... Oh yeah that doesn't work anymore.

Tue, 10/16/2012 - 08:58 | 2893942 GetZeeGold
GetZeeGold's picture

 

 

No inflation.....unless you plan on doing something.....or eating something.....and then it's going to cost you bigtime.

 

Tue, 10/16/2012 - 09:00 | 2893984 LawsofPhysics
LawsofPhysics's picture

"No inflation.....unless you plan on doing or producing anything"  - Fixed

Tue, 10/16/2012 - 09:11 | 2894003 Sweet Chicken
Sweet Chicken's picture

Who the fuck is your shadow junker?!?!? Every post of yours always has a down vote from someone.

<carry on>

Tue, 10/16/2012 - 09:15 | 2894013 Stackers
Stackers's picture

I've seen as much as 50% inflation in my "day job" from prices just 2 years ago.

Tue, 10/16/2012 - 09:19 | 2894028 HoofHearted
HoofHearted's picture

Luckily Granny will be getting 1.7% more in her Social Security check next year. If she stocks up now, then she won't have to wrry about the 0.6% per month rise in prices we've seen MoM for the last couple....

Tue, 10/16/2012 - 09:28 | 2894067 francis_sawyer
francis_sawyer's picture

@Sweet Chicken

my 'shadow junker' belongs to the PRE-CRIME division...

Tue, 10/16/2012 - 09:37 | 2894098 fuu
fuu's picture

francis_sawyer = Law of Physics?!?

Tue, 10/16/2012 - 10:05 | 2894479 francis_sawyer
francis_sawyer's picture

Nope ~ the LOP is unique... Just stating that we ALL carry around our own personal 'junkers' at ZH...

Tue, 10/16/2012 - 11:31 | 2894814 A Nanny Moose
A Nanny Moose's picture

A Metaphor for the productive, on whose backs the unproductive ride.

Tue, 10/16/2012 - 10:09 | 2894499 economics9698
economics9698's picture

My wife works in the restaurant industry and they have been chang9ing every menu and recipe for all of 2012 just to keep pace with inflation.  The CPI is useless and with the politics involved even more useless.  Food inflation is running about 10%.

Tue, 10/16/2012 - 10:32 | 2894605 ParkAveFlasher
ParkAveFlasher's picture

Tell her use smaller plates, heavier forks, and thicker glasses.

A nickel ain't worth a dime no more.  - Yogi Berra 

Tue, 10/16/2012 - 14:16 | 2895540 Cathartes Aura
Cathartes Aura's picture

the substitution of crappier ingredients to shave a few pennies off the price is ongoing. . . if you eat supermarket-made foods, might want to watch the labels, more fake "mouth feel" kind of stuff is popping up everywhere.

(not applying this to your wife's space, just paying attention to the dilutions)

Tue, 10/16/2012 - 10:16 | 2894531 Sweet Chicken
Sweet Chicken's picture

@Francis

 

Pre-crime indeed! Then again we all have those we love to hate!!! :P

Tue, 10/16/2012 - 10:28 | 2894589 francis_sawyer
francis_sawyer's picture

I junk myself for kicks when I get bored...

Tue, 10/16/2012 - 10:39 | 2894623 fuu
fuu's picture

If a bored person were to junk every post in a thread people freak out almost instantly.

If a bored person up votes every post in a thread no one notices.

Six months running now. It must be a bias of some kind at work.

Tue, 10/16/2012 - 11:05 | 2894711 francis_sawyer
francis_sawyer's picture

Sounds like Maria Bartiromo &/or the folks over at Liberty 33 when they're looking at the S&P...

Tue, 10/16/2012 - 10:02 | 2894465 GubbermintWorker
GubbermintWorker's picture

Canned dog food is on sale now!

Tue, 10/16/2012 - 13:12 | 2895242 TheFourthStooge-ing
TheFourthStooge-ing's picture

Vacuum packed Gaines Burgers from 1991 are being sold as senior citizen MREs.

Tue, 10/16/2012 - 14:18 | 2895547 Cathartes Aura
Cathartes Aura's picture

they'd be healthier than the nasty additives & GMO grains the "pet fud scientists" have concocted in the latter years. . .

Tue, 10/16/2012 - 12:01 | 2894938 LMAOLORI
LMAOLORI's picture

 

 

Limousine Liberals throwing granny under the inflation bus for the Fed and it's member banks imagine that 

 

The Government Will Never End the Fed but the Fed is Destined to Die Anyway

snip

The Federal Reserve is the mother's milk of empire, tyranny and statism.  Big government and central banks exist for no purpose except to massive concentrate wealth and power.  Moreover, it's absolutely true that the phrase "99% vs the 1%" is indeed a valid premise even if it was hatched by socialists on the left.  What the progressive left fails to grasp is that it was liberal progressive Democrats who delivered unto us the Federal Reserve that was empowered to transfer wealth from the 99% to the 1%.

In many way, the progressive left considers itself intellectually superior to liberty because, control freaks that they are, they believe that there isn't anything they can't control or shouldn't control, given their totalitarian mindsets. . Hence, they have an enormous propensity to align themselves with big corporatist and big bankster money, the very same folks they claim to abhor as the blood suckers of humanity.  It's a situation of where progressive police state ideology butts heads with the real power - the power of big statist money.  In the end, it's always about power and never liberty or even the the prosperity of the people.   The first victims of most Marxists revolutions are typically the bourgeois, the middle class, and the backbone of any flourishing and prosperous society.  Marxist revolutions are never about revolts against capitalism but always about joining with the powerful to share totalitarian power. 

Communist party officials always had the finest homes and the finest foods. They always exempted themselves from breadlines as the hoards of lowly humanity, the proletariat they claim to love, waited in line for hours to buy a loaf of moldy and stale bread.  The commie officials always had the best of everything from caviar to imported French wines.  From Stalinists and Marxists to the limousine liberals of the west, these folks thoroughly enjoy their rockstar status, power and money.

 

Tue, 10/16/2012 - 10:02 | 2894463 CoolBeans
CoolBeans's picture

Trolls.  When I see that, I make it a point, when time permits, to go through everyone's post and vote "up" those I agree with.  

Tue, 10/16/2012 - 10:11 | 2894506 greenEagles
greenEagles's picture

I gave a homeless guy my change yesterday in Manhattan and he threw the pennies on the ground.  Yep, definitely no inflation...

Tue, 10/16/2012 - 14:21 | 2895571 Cathartes Aura
Cathartes Aura's picture

be cool if everyone did that, every time they got change, etc. - just toss the pennies. . . after a while, folks MIGHT even be curious about the trending.

Tue, 10/16/2012 - 09:19 | 2894027 aint no fortuna...
aint no fortunate son's picture

How odd - gas is a big input into retail sales, cheered by the street and the media puppets... the higher the better, because we're consuming baby! But when its included in CPI it's evil incarnate and therefore expunged wherever possible from the dialogue... how odd.

Tue, 10/16/2012 - 11:05 | 2894716 AGuy
AGuy's picture

Core Inflation is rising too, it's just hidden. What use to last 5 to 7 years barely lasts 3 years. Now I have to buy durables twice as often because has crap quality. Thats means the effective rate of many durable goods has increased by about 50%.  The price hasn't changed by the quality sure has!

Notice when something breaks in your car, you can't just buy the replacement part, that probably is under 20 dollars. Now you have to buy the whole assembly which can cost hundreds to even a thousand dollars. How is that saving me money?

I replaced a Kitchen Fauct about 2 years ago to replace a older model (going on 12+ years) where the gaskets wore out. Since replacement gaskets were no longer available, the only option was to replace the faucet. The replacement was a bit more expensive (same brand as the older model), but it was pure crap, It failed after about 2 years. I ended up replacing it with a much, much more expensive faucet ($750+). <SARC>Can someone please explain to me how there is no inflation and how I am better off?</SARC>

Tue, 10/16/2012 - 11:38 | 2894857 TheCanadianAustrian
TheCanadianAustrian's picture

I can assure you that the inflation that everyone speaks of is nonexistent. I've been spending the past year and a half measuring the inflation effect on my basket of goods at the grocery store. Just this weekend I filled my cart with flash memory cards, sterling silverware, natural gas, and expired greek yogurt. Of course, like any shopper does, I adjust my basket of goods according to natural fluctuations in the market. So please, everyone, stop the fearmongering.

Tue, 10/16/2012 - 08:49 | 2893948 francis_sawyer
francis_sawyer's picture

We need to elect a Muslim President so we can declare Ramadan & don't have to eat & can travel around on flying carpets... Oh wait!...

Tue, 10/16/2012 - 08:53 | 2893962 unrulian
unrulian's picture

Or a Mormon president so we can all wait for an alien to save us...or is that scientology??

Tue, 10/16/2012 - 08:54 | 2893965 GetZeeGold
GetZeeGold's picture

 

 

They shoot Catholics.....don't they?

Tue, 10/16/2012 - 09:09 | 2894001 francis_sawyer
francis_sawyer's picture

That's Krugmanism...

Tue, 10/16/2012 - 09:11 | 2894005 GetZeeGold
GetZeeGold's picture

 

 

Never take your eyes off that cat!

Tue, 10/16/2012 - 10:12 | 2894517 BeaverFever
BeaverFever's picture

I'm shorting magical long underwear.

Tue, 10/16/2012 - 08:53 | 2893963 kito
kito's picture

we need a mormon president so he can be married to the bankers and the pentagon...........

Tue, 10/16/2012 - 08:56 | 2893972 GetZeeGold
GetZeeGold's picture

 

 

At least it would be a nice change.

Tue, 10/16/2012 - 08:58 | 2893980 kito
kito's picture

what change??? can you be so naive??.......................

Tue, 10/16/2012 - 09:00 | 2893983 GetZeeGold
GetZeeGold's picture

 

 

Dude.....we're over three years into it.....you don't feel it?

 

Tue, 10/16/2012 - 09:13 | 2894007 TWSceptic
TWSceptic's picture

"Change we can be naive in" :)

Tue, 10/16/2012 - 09:13 | 2894009 GetZeeGold
GetZeeGold's picture

 

 

You need to spke that crap!

Tue, 10/16/2012 - 08:57 | 2893973 GetZeeGold
GetZeeGold's picture

 

 

At least it would be a nice change......yes I said it twice.

Tue, 10/16/2012 - 08:50 | 2893949 Dr. Engali
Dr. Engali's picture

It's a good thing Americans have been storing up plenty of fat reserves for the lean times.

Tue, 10/16/2012 - 08:52 | 2893957 JPM Hater001
JPM Hater001's picture

I've contended 2 things for a long time:

1) We will take longer to starve to death than the average nation

2) We manufacture nothing so we can only go up after the crash

Tue, 10/16/2012 - 09:03 | 2893988 Shizzmoney
Shizzmoney's picture

Folks, before the election night: Make sure you stock up.  Buy soup, water, ibuprofen, ammo, and first aid shit.

And if we are lucky to stave off riots then, do it again before na 1.

 

You'll thank yourself that you did.

Tue, 10/16/2012 - 09:39 | 2894105 JPM Hater001
JPM Hater001's picture

I refuse to pay for water.  Buy a jug people...

Tue, 10/16/2012 - 10:04 | 2894474 GubbermintWorker
GubbermintWorker's picture

Better yet, get a well!

Tue, 10/16/2012 - 10:13 | 2894512 pods
pods's picture

These always come in handy.

http://www.bigberkeywaterfilters.com/

pods

Tue, 10/16/2012 - 11:53 | 2894917 CoolBeans
CoolBeans's picture

I'm nearly in the middle of nowhere and could use a desalinator that's fairly efficient -- just need to save up more...costly buggers.  We store and have some water around but in the long-term we would have to desalinate.

Tue, 10/16/2012 - 12:33 | 2895083 Harbanger
Harbanger's picture

I have one, the concept is simple and it’s not hard to build with a little planning. You can make different variations of this yourself:  Flat black metal pan with a slanted glass sheet above that collects condensation to a container.  A solar water pump that runs fresh sea water thru the pan on a regular high tide cycle.  A 4 x 8 pan will make a couple of gallons/day.

 

Tue, 10/16/2012 - 12:57 | 2895171 tip e. canoe
tip e. canoe's picture

cool back atya, gracias

question though: does that process demineralize or just take the salt out?

Tue, 10/16/2012 - 13:21 | 2895276 Harbanger
Harbanger's picture

It distills so it removes all salts/minerals and is slightly acidic. I made a section that filters some sea water before it dries in the sun so I can make some sea salt. You can use a small amount of this to remineralize the water. I use it in my food.  You can also use some basmati rice or run the water thru a mineral filter.

Wed, 10/17/2012 - 21:28 | 2899767 tip e. canoe
tip e. canoe's picture

nice one.   did you know that most sea salt has a very high component of precious metals? 

do a utube search 'ormus david wolfe' if u wanna know more.   fun stuff.

Tue, 10/16/2012 - 10:51 | 2894670 tip e. canoe
Tue, 10/16/2012 - 11:54 | 2894921 Harbanger
Harbanger's picture

Cool, Thanks.

Tue, 10/16/2012 - 12:43 | 2895117 pods
pods's picture

Love that site.  We hit one outside Charlotte last time there.  Cool and crisp.

pods

Tue, 10/16/2012 - 11:12 | 2894738 AGuy
AGuy's picture

Just as long as it not refilled with City water, as General Ripper warned us: "Communist plot to pollute Americans' "precious bodily fluids.""

Joking aside, today water containmated with Prescription drugs and human hormones.

Tue, 10/16/2012 - 11:51 | 2894908 CoolBeans
CoolBeans's picture

It would be interesting to test various water systems for these levels (not just those I've seen in the past on T.V.).  Hey, maybe the Goobermint is dumping a few tranqulizers or ? into the system to calm the population before the inevitable collapse.  Nah, I'm seeing way too many stressed to the max people. 

We've been on well water for the past decade and that's surely no escape for what's seeping into the ground.  Geez, I probably can glow in the dark by now if conditions are right.

Tue, 10/16/2012 - 14:29 | 2895644 Cathartes Aura
Cathartes Aura's picture

oh, the .gov is definitely dumping lots of anti- drugs into the water systems, but first they run 'em through the peeps. . .

Tue, 10/16/2012 - 09:22 | 2894038 nmewn
nmewn's picture

Ahah!

So thats what was behind Heir Bloomberg's fat edicts...he wants you to expend all of your current daily intake AND savings.

Jur fat cells are belong to us ;-)

Tue, 10/16/2012 - 10:51 | 2894668 NeedtoSecede
NeedtoSecede's picture

You hit it on the head Doc.  Inflation is .gov's way of playing Nanny Bloombrg on a national level.  They are just looking out for the fat sheeple.  If food becomes so expensive that nobody can afford to eat anymore then we will solve the nations obesity problem. See?  The Bernanke is actually just looking out for the little (fat) guy.  Bernanke: Fed Chairman and Registered Dietician.

The Fed's Tri-Mandate:

Low Inflation (only with cooked, fake numbers

Low Unemployment

Smaller Merikan wastelines

Fuck you .gov and your phony numbers.

Tue, 10/16/2012 - 10:26 | 2893952 torak
torak's picture

No inflation except for the things that negatively impact the majority of the population -- but the little people don't matter, so WTF.

Now I think I'll go make myself some iPod soup.

Tue, 10/16/2012 - 08:50 | 2893953 JPM Hater001
JPM Hater001's picture

#Lying

Tue, 10/16/2012 - 08:55 | 2893967 GetZeeGold
GetZeeGold's picture

 

 

Count on it.

 

Tue, 10/16/2012 - 11:03 | 2894708 crusty curmudgeon
crusty curmudgeon's picture

Indeed.  Part of you just has to laugh. 

They're so good at lying that they convince themselves.  History will repeat itself...just as in Weimar, the money printers will be convinced so effectively by their own propaganda that they are getting away with printing without "inflation" that they will print even more.  "Look, it's working...no inflation!  We can print even more!" 

It's all part of the tragic-comedy cycle. 

Tue, 10/16/2012 - 08:51 | 2893956 PUD
PUD's picture

"Inflation-adjusted hourly wages, meanwhile, fell by 0.3% in September. Real wages have fallen 0.2% over the past 12 months, as inflation has climbed slightly faster than the increase in pay. "

But retail sales ripped! Car sales ripped! Consumers are flush! The recovery lives! All is well!

Tue, 10/16/2012 - 08:55 | 2893969 riphowardkatz
riphowardkatz's picture

and for those of you who say he didnt keep his campaign promise...

“We can't drive our SUVs and eat as much as we want and keep our homes on 72 degrees at all times ... and then just expect that other countries are going to say OK. That's not leadership. That's not going to happen.”

Tue, 10/16/2012 - 08:56 | 2893975 Inthemix96
Inthemix96's picture

See, as I told my wife this morning.  Bar food and gas prices', nothing has gone up!!

The silly cow is now telling me the weekly shop costs £150 quid rather than the £100 I give her??

Its about time she listened to them here learned folk up on the hill and in the BoE.

Tue, 10/16/2012 - 09:01 | 2893982 LULZBank
LULZBank's picture

You can always draw it out from your pension to pay for your grocery bill as well. Our nation needs consumption. Genuises are coming out with the ideas.

http://www.businessweek.com/news/2012-10-15/u-dot-k-dot-should-buy-homes...

 

Brief but a good read... just for teh LULZ.

http://www.moneyweek.com/news-and-charts/economics/uk/central-bankers-qe...

Tue, 10/16/2012 - 08:57 | 2893976 LULZBank
LULZBank's picture

Food and gas dont really matter. Hedonistic adjustement on iPhone 5 is the number that matters for all practical intent and purposes.

Tue, 10/16/2012 - 08:58 | 2893978 riphowardkatz
riphowardkatz's picture

it does have a nicer screen. 

Tue, 10/16/2012 - 09:17 | 2894023 pods
pods's picture

And a whole new row of icons!

pods

Tue, 10/16/2012 - 09:29 | 2894069 nmewn
nmewn's picture

Hedonics...lol...I want one I can lick and have it taste like strawberry ice cream...and surely our best & brightest can pass a brand new law to give it to me for freeeeee.

I have rights!

Lalalahhh weeee!!! ;-)

Tue, 10/16/2012 - 10:07 | 2894492 francis_sawyer
francis_sawyer's picture

I would think the frst thing you'd wish for would be one which would hold your place in line for you while you were waiting foir the next one to come out...

Tue, 10/16/2012 - 10:27 | 2894583 nmewn
nmewn's picture

Affirmative Action i-Phones Apps?...hell, why not...lol...no one needs to earn anything anymore...its the latest thing!

Tue, 10/16/2012 - 09:02 | 2893985 Shizzmoney
Shizzmoney's picture

I did a little experiment at the Toronto G-20. I went through the final declaration and I tried to find the word wages. I couldn't find the word once in the whole declaration, which was supposed to be this vision for the decade on how to get out of the crisis. This isn't even on the agenda of the policymakers, that wages should go up, except maybe they hint at it occasionally that the Chinese should have wages go up, but certainly not in their own countries.

We're doing this experiment. This experiment is running at this moment of time in Southern Europe, and it's badly failing. You see, since three years, the countries in Southern Europe are cutting wages. Greece has cut by 20 percent, Spain is cutting by 10 percent, Italy is on the path to cut. But where they have cut, this has never worked, because as I said, if you have 75 percent domestic market that is destroyed by the wage cut and this is the immediate effect of the wage cut, the people stop consuming. Then whenever you reach, after three, four years' time, the level of competitiveness in Europe vis-à-vis Germany, your system is destroyed and your political economy is destroyed, and your democracy maybe is destroyed.

http://truth-out.org/news/item/12118-low-wages-and-high-unemployment-are...

Tue, 10/16/2012 - 09:26 | 2894058 Eally Ucked
Eally Ucked's picture

Yesterday we learned that Canada will bring Chinese workers to work in BC mines. Canadians lack skills and are to expensive. Other industries will follow. Now we just need to get rid of minimum wages laws and we shortly will be as competetive as China. 

Tue, 10/16/2012 - 14:38 | 2895693 Cathartes Aura
Cathartes Aura's picture

factor in the Asian takeover of the BC property markets, and you can see where this is headed. . .

all those "special economic zones" set up globally by amrkn corps, with little attention paid in the homelands - now places like Ohio, Idaho, Michigan, all looking to set up space for Chinese workers within the county limits.

it was all good when folks could consume more cheap stuff made in China - more is better!! - but when jawbs disappear, saved for "foreign" workers, the light bulb moment might be on it's way. . .

Tue, 10/16/2012 - 09:07 | 2893995 disabledvet
disabledvet's picture

no inflation? ho ho ho ho ho! THIS IS THE BIG LIE...not the whole unemployment thing. Let us look no further than this: http://www.usinflationcalculator.com/ the question is "is this massive inflation so predictable it can result in trading strategies that simply cannot lose?" and of course the answer is yes...provided we take the traders out of it. which Wall Street has done that now too. And..."look to the result": http://seekingalpha.com/symbol/dia?source=search&s=dia like 2008 never happened. the EZ on the other hand: http://seekingalpha.com/symbol/iev got a ways to go. in euro terms it's probably pretty good tho.

Tue, 10/16/2012 - 09:08 | 2893997 Sandy15
Sandy15's picture

I own 2 business and you have to offer such a discount to get people to buy anything.  This is why minus gas and food there is NO inflation.  It's stupid to take out food and gas, the TWO things we must have.  Those are up 25% and 107%.

 

Tue, 10/16/2012 - 11:34 | 2894832 Overfed
Overfed's picture

Don't forget building materials. Up easily 100% in the last two years.

Tue, 10/16/2012 - 09:09 | 2894002 MFLTucson
MFLTucson's picture

Need some real numbers, enough with the Bernanke /Obama lies.

Tue, 10/16/2012 - 09:15 | 2894011 zilverreiger
zilverreiger's picture

Except?

Tue, 10/16/2012 - 09:16 | 2894017 Temporalist
Temporalist's picture

Speaking of gas:

Working on transfer of payments with India: Iran

http://www.hindustantimes.com/India-news/NewDelhi/Working-on-transfer-of...

 

Inflation warning over 2.5% increase in state pension

Older people may struggle to cope with soaring food and energy prices in 2013, pensioner representatives say

http://www.guardian.co.uk/money/2012/oct/16/inflation-warning-state-pens...

 

and in unrelated news:

CCTV: New York police caught on camera 'beating homeless man'

http://www.telegraph.co.uk/news/worldnews/northamerica/usa/9611837/CCTV-...

Tue, 10/16/2012 - 09:20 | 2894031 Perdogg
Perdogg's picture

If I don't eat or drive, the news is good.

Tue, 10/16/2012 - 09:20 | 2894033 WhiskeyTangoFoxtrot
WhiskeyTangoFoxtrot's picture

Except for strippers and hookers, I rarely cheat. 

Tue, 10/16/2012 - 09:29 | 2894034 Mercury
Mercury's picture

Luckily, in America the intersection of the Venn Diagrams for those who i) eat and ii) drive is so small it is barely worth mentioning...

Actually, people who eat or drive... A U I think.

Eating and driving is probably illegal now anyway.

Tue, 10/16/2012 - 09:22 | 2894036 pods
pods's picture

The long slow grind down is not a fun road.

I flipped out on the way into work this morning when a radio guy was bitching about the gov losing $70 million on producing pennies.  Of course he just said the cost to coin them was too high.

Nobody connects the dots on this.  Not 1 in 1000.

My biggest fear is that when this incarnation of the system collapses, we happily move on to another of the same design.

pods

Tue, 10/16/2012 - 09:26 | 2894054 LULZBank
LULZBank's picture

I dont care what system we move on to. All I know is, next time I'll be well prepared for the game Bitchezz!!

Tue, 10/16/2012 - 09:26 | 2894057 r00t61
r00t61's picture

After the fall of the papacy, we got monarchy.

After the fall of the monarchies, we got democracy.

After the fall of the democracies, we got crypto-fascist corporatocracy.

That's progress...right?

Tue, 10/16/2012 - 09:30 | 2894075 fuu
fuu's picture

The labels get longer.

Tue, 10/16/2012 - 09:38 | 2894096 francis_sawyer
francis_sawyer's picture

Just keep singing 'Ol McDonald Had a Farm' & you get the picture...

Tue, 10/16/2012 - 09:32 | 2894079 Shizzmoney
Shizzmoney's picture

Pods, you already know the simple fact that humans....are really a dumb species in the whole. 

The parasites are at the top, and they want their meal.  They'll get it, too.

Tue, 10/16/2012 - 09:41 | 2894149 Zadok
Zadok's picture

Dumber than yeast!

Tue, 10/16/2012 - 09:48 | 2894291 pods
pods's picture

Agreed.  But what about those of us who were born with a conscience?

 

When I used to fly fish the West Branch of the Delaware river I used to see lampreys.  I found a dead one and looked at it and was disgusted.  Not in the appearance, but in simply what it was.

I have now noticed that same feeling when I watch our "leaders" whether it be in government, the FED, or corporate titans.

pods

Tue, 10/16/2012 - 09:58 | 2894455 CoolBeans
CoolBeans's picture

Nasty creatures (both).

Tue, 10/16/2012 - 11:39 | 2894863 Overfed
Overfed's picture

That's a very good comparison.

Tue, 10/16/2012 - 09:40 | 2894122 Zadok
Zadok's picture

Shouldn't take too much longer, to have to lie to this degree indicates a new fleecing program is afoot!

Tue, 10/16/2012 - 09:29 | 2894066 The Gooch
The Gooch's picture

More fucking bullshit. I went to buy a tarp for the firewood
Saturday...
12'x8' = $16!!!
Fuck these liars and theives.

Tue, 10/16/2012 - 09:40 | 2894120 francis_sawyer
francis_sawyer's picture

Shoulda just kept your $16 dry in your wallet... It WILL BE your firewood pretty soon... 

Tue, 10/16/2012 - 10:33 | 2894608 The Gooch
The Gooch's picture

I did... Went across the street to the farmers market.

Tue, 10/16/2012 - 15:04 | 2895758 Cathartes Aura
Cathartes Aura's picture

price of goods rising, chinese workers getting raises, dollah s  t  r  e   t     c     h     e      d   to the limits. . .

Tue, 10/16/2012 - 09:32 | 2894072 fuu
fuu's picture

Fuck You Bernanke!

Tue, 10/16/2012 - 09:39 | 2894107 Winston Churchill
Winston Churchill's picture

We need a bankers CPI.

Hooker,blow ,and booze price index.

At least that would be amusing.

I think TPTB are starting to believe their own lies.

Tue, 10/16/2012 - 09:56 | 2894448 CoolBeans
CoolBeans's picture

I can't speak for other shoppers' experiences but around here a slew of items have been re-priced a dime higher. Its like the stores got together and decided to raise things almost across the board (or higher).

Butter:
Store 1 - .10 cent increase; Store 2 - a .40 increase.

Bagels:
Store 1 - .50 cent increase; Store 2 - a .10 increase

Just an example of a long list in my recent frustrating shopping experiences. With a large family over the period of a month, this can add up to some serious wallet frustration. It'll surely get worse...

Tue, 10/16/2012 - 15:12 | 2895798 Cathartes Aura
Cathartes Aura's picture

corporate fud producers are the ones in collusion, they regularly decide on what to pass on to the conned-sumer.  

the supermarkets "compete" within a very small range of pricing differentials, often taking turns on "sale" items - also watch for "new ingredients" aka "new improved" - they shave quality regularly.

Tue, 10/16/2012 - 10:19 | 2894539 JPM Hater001
JPM Hater001's picture

Just to get this in the Zerohedge history banks Im sending this to my local paper today:

Dear Editor-

Last week a presidential poll asked 1200 Americans what their number 1 concern was; 41% said rising prices.  The next closest was 24% saying unemployment.  I would say the official government inflation number of 1.6% annualized (last month's .13%  x's 12) is a lie.

I have written about inflation before only then I was warning it was already here and getting worse.  I was right.  Now I am here to tell you inflation is terrible and about to get horrible.  There is one reason why this is happening; the Federal Reserve is printing trillions of dollars trying to save a failed world wide monetary system.  It will not work.

Please begin storing additional food because history shows us, and we are a textbook example I might add, that next are price controls followed by shortages followed by more inflation followed by a collapse in purchasing power.

And as I have also mentioned before after all those things comes the great reset and 10 years of depression, although war looks more and more likely if we don't stop playing this Red Team – Blue Team game.

By the way, who's John Galt?

Tue, 10/16/2012 - 10:19 | 2894540 lolmao500
lolmao500's picture

And because of this, more people will die of hunger in the world... and Bernanke, a murderer throught his economic policies, run free again.

Eh cops, who are you protecting again? And don't say ``the people``.

Tue, 10/16/2012 - 15:15 | 2895808 Cathartes Aura
Cathartes Aura's picture

"the state" is paying their wages, I'm sure they act accordingly.

Tue, 10/16/2012 - 11:10 | 2894728 Wile-E-Coyote
Wile-E-Coyote's picture

That fecking drone is back again.

Tue, 10/16/2012 - 11:12 | 2894736 FreeMktFisherMN
FreeMktFisherMN's picture

burger and waffle fries at Buffalo Joes here in town used to be 6.25 just 6months ago. Now the same thing is 6.99. Let's see, so 74 cent increase divided by 6.25 is well over 10% (11.84 precisely). And these guys have high turnover with their inventory (very popular, greasy albeit unhealthy food-plain burger okay with just onions, though, I suppose) and they still had to lift prices to maintain margins. And I would say this place is as on the margin as any restaurant. 

Tue, 10/16/2012 - 11:45 | 2894892 the grateful un...
the grateful unemployed's picture

The index for shelter repeated its August increase of 0.2 percent, with the rent index rising 0.3 percent and the index for owners’ equivalent rent increasing 0.2 percent.

 

I've read their explanation of the rent index, and it says they can interpret the numbers pretty much any way they want. This one is going to bite them for a couple decades probably, because the housing market is broken (like Iraq, break you own it, Bernanke) Rents are going to trend above home prices for the rest of most of our lives. You can see the difficulty in making money off this spread, (you collect 10k a year in rent, but your asset loses 10K in value). And demand for housing is a constant, imagine constant demand falling asset value.

In the end technology will change this, 5K prefab houses. Microapartments in the city. Soylent green, classic, vanilla and cherry flavors. Who knew people could taste so good?

I've been to the grocery store too, and one can feel the lift but maybe that's the high gas prices here in CA. Here's the October surprise, Romney carries California, first Republican since Reagan who sort of owned the state. While the two candidates fight over Ohio and Florida, the golden state says no mas.

Tue, 10/16/2012 - 16:07 | 2896005 bart.naf
bart.naf's picture

Health insurance prices are in a screaming uptrend per the BLS - about 15%/year.

 

 

http://www.nowandfutures.com/images/health_insurance_bls.png

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