This page has been archived and commenting is disabled.
Moo-ar Inflation
With the world awash in liquidity and yet every one of the world's leaders spreading the "ogre of deflation" myth to ensure the administration of moar free money; we thought it interesting that with government identified inflation statistics entirely benign that the prices of US cattle and milk have reached record highs (and show no sign of stopping as Cattle is limit-up today again). The rise has been almost non-stop beginning in early 2009... now what else began to rise in an almost straight line then?
Nope, no inflation here... as long as you are Vegan
Chart: Bloomberg
»
- 16590 reads
- Printer-friendly version
- Send to friend
- advertisements -
Can you say, "Chained-CPI?" Eat more Chicken?
Drink more Almond Milk
You beat me to it. Chances are that puss-filled, antibacteria laden, corn fed cow, pasturized, slush they call milk is being watered down at the same exact time. I guess I understand the armed raids on those damned Amish and their contraband raw milk.
The nearest place I can legally get raw milk is 30 miles south of me. I know of other places where I could get some if I sat down at their kitchen table and had a meal, and the people there are nervous about raids, so they don't sell it and are reticent about even giving a small amount away for people to try. Hell, even raising one cow, butchering it and selling it is enough to get them into hot water, even though I can pull up and see that they keep sanitary conditions. Some of the bigger cattle operations will throw a shit fit if they find out.
While I wouldn't buy raw milk from a grocery store for the obvious reasons, if I can show up to the farm/dairy and see that things are clean, I should have that option. Unfortunately, driving 30 miles one way to get milk means that it is very costly just for some milk. In practice, I don't really have that option because some bureaucrat thinks that he can make better decisions about what I am allowed to eat than I can.
water in West Virginia is undrinkable as a result of chemical spill... fracking is poisoning groundwater across the country... but the prison warden government won't allow the peasants to have a little raw milk... 'for health and safety reasons'... getting the picture americans?
My goats really don't give a shit. "Laws" that cannot be enforced really don't matter much.
I feel very lucky that I have a willing neighbor less than half a mile away from whom I can "score" raw goat milk, and have been doing so for almost seven years now. Not to mention the outstanding goatmilk feta cheese that she makes! And the difference in digestion alone is remarkable --- it is very hard for me now to ever drink pasteurized, mass-produced milk from the grocery store; it's like a different kind of food altogether.
you have taken the red food pill. Cant go to mc and d's or anything even close to what is called food today. difficult to eat out anymore. mostly preparing coop food and the like. all good as we make our own delicious meals free of all the bs we all know about. another opt out story...
Goat milk feta is wonderful akak but if you ever get a chance, try sheep feta. Simply outta this world orgasmic! However, quite expensive. Has a slightly creamier texture.
Glad to see someone isn't chicken shit consuming raw milk. Not that I would dare do that with commercial dairies which are cess pools. If anyone saw the condition the cows are kept they'd never consume dairy products again.
Miffed;-)
It's a sad state of affairs when the phrase "hey man, you know where I can score some raw milk?" goes through ones mind....
Milk-runner...
Oh, please no. Bootlegging led to NASCAR. I don't want know what milklegging will lead to, but it cannot be good.
Moar handjobbing?
"Officer, I swear I don't have any milk in the vehicle. No, that white stuff is not milk, I'm taking some donations that I acquired to the sperm bank. Would you like to make a donation?"
Ebullient, vivacious, swollen, milk-filled, mammaries?
My neighbor was pulled over for speeding and when the cop approached her car she was so upset her milk dropped. The guy was so flustered he let her go apologizing profusely. I guess that wouldn't ever work for guys but you could give it a shot ;-)
Miffed;-)
I sell raw milk and ungraded eggs. Being on the other end of things, i have to size up my customers. There are some who would inform the federales on a whim. Regulations do not permit me to have more than 100 laying hens.This outlaw farming business is getting to be more dangerous every day
And my response to any fed who reads your comment is, who the fuck are you to tell me that he and I cannot enter into a private exchange of goods? Who the fuck are you to tell me that you have to control what I eat? Do you think that I cannot insist that he let me see that he ensures that his equipment is clean before I purchase raw milk from him, and do you think that he should not be free to accept or refuse?
I had homemade yogurt from our milking shorthorn and Mrs Horseman's canned peaches for breakfast. And as for beef, we still have 80% of last year's offspring in the freezer. We must be rich!
and lucky! i know just how much work, loving care, knowledge and experience goes into the bowl of good health and satisfaction. i find it most gratifying to go down the barn, snag a few eggs, pull out some potatoes from the five gallonbucket covered with dirt and fry 'em up on the propane cast iron stove. topped off with some feta aging in the crock and garlic from last summer...and that's not to speak of the leg of lamb butchered in the fall and elk roast from the cow that my brother bagged just after thanksgiving and that we had for Christmas. but man, what a lot of work! and worth every bit of it.
Really, you're not supposed to post pictures of what looks to be fantastic yogurt that I cannot get along with peaches the year after an early warm spell caused all of my peaches (and other fruit) to blossom early, followed up by a late frost, killing almost every single blossom and rendering me fruitless for the year. No plums. No peaches. About 2 apples. A few asian pears, and one or two bosc pears. Now I have to watch you flaunt your peaches;)
On the brighter side, I got some really good blackberries from the farmer's market this past summer and saved some of the seeds. I know they'll survive my climate if I can get them to germinate, and should be getting some fantastic blackberries in about 1 1/2-2 years. The ones that were picked almost too early were nice and tart, and the ones that were almost overripe tasted like a really good port wine.
Did you pay Monsanto for the rights to those seeds you are growing? /sarc
I'm thinking that I won't need to buy toilet paper in the future because Monsanto can lick my asshole.
We just put two pigs in the freezer in November and our Jersey is coming up to calf in about 6 weeks , our wood burning stove keeps us warm in these long winter months , whilst eating home cured bacon , for some reason nobody ever bothers us.
my brother, every now and then will put a carcass near the end of the driveway(bird feeders he calls them). it certainly keeps even the nastiest of humans away.
ps. it gets a mention at the local bar too.
in 28 years at his stead, not a problemo.
Chances are why the goverment makes it illegal to sell raw milk: they are doing a favor to milk producer by making a law that they make their milk undergo a process that allows them to have kinds of shit in there without getting people to obviously sick.
And this will generally favor the larger milk producers over the smaller ones. You do want to keep things sanitary with raw milk, but when you are ultra-pasteurizing milk under pressure (they bring it up to something like 260f or 280f for a few seconds,) it doesn't matter if you have hantavirus infested ratshit in the stuff. I've looked, and it seems that even in many of the "healthy" stores, all of the milk is ultra-pasteurized, even though there are other pasteurization methods that supposedly lead to better tasting milk. Not that I would know, because I can't find vat pasteurized milk anywhere.
We have never pasteurized our milk.
Want to know what we call milk that has gone bad?
Buttermilk...it is the key ingredient to waffles and biscuits.
If I had a dairy cow or a goat, I wouldn't either. But getting raw milk from a grocery store in our current food distribution system is just asking to get TB or something nasty. I would be surprised if bringing the milk up to 280f did not denature more of the proteins than the 145f required for vat pasteurization. I also suspect that vat pasteurization requires healthier cattle and better sanitation.
I'm not positive El Vac but I think TB has been eradicated in cattle in the USA. About 10 % of our TB isolates are Mycobacteria bovis . All have been from Mexicans who had worked on Mexican farms. Now Listeria and Salmonella is another story. You're right high temps denature proteins as well as LYSE bacteria ( break the cell apart) this releases many allergenic proteins into milk that the body doesn't normally see. Lots of people are not allergic to milk itself but these foreign proteins. When I was working on a dairy long ago you were flagged if your coloform CFU was 10 or greater. I've heard it has gone to over 100 in many parts of the country. They figure pasteurization will kill the excess bacteria. What this truly means though milk has become a much "dirtier" product. A certified raw dairy must be scrupulously clean, even so bacterial counts will be high.
Miffed;-)
if the coliform is around 100cfu, then the total is off the chart.....probably mostly lacto, huh? they should just go ahead and ferment it....
oh yeah, there are some new technologies out there that doesn't involve pasteurizing....aka microfiltration...just the tyrants haven't caught up with the tech yet and when their 'standards' don't work, they have trouble adjusting (so people just don't change).
Coliform bacteria generally refers to members of the Enterobacteriacae family which are used as indicator bacteria because they show fecal contamination. Yes, the do ferment lactose generally. If you mean "lac" as in Lactobacillus, these guys are usually harmless and often are quite beneficial. A CFU of 100 is off the chart when you consider 1 CFU is an estimate of 10,000 bacteria. Considering CFU is usually expressed per ml or gram there is a shitload of bacteria per glass of milk. Microbiological pun intended ;-)
Miffed;-)
I never drink milk in America. It is VILE!
What the hell are they doing with it?
Good point. One wonders why humans feel the need to consume cow's milk in the first place. Nature intended for cow's milk to nourish calves. Humans can get calcium and protein etc. from other sources. Adults certainly don't need it.
That's great advice. But with the bees dying and water in short supply I'm not sure what the California Almond harvest will be like this year. Cali produces essentially 100% of the American Almond crop and we are drying out rapidly here.
All Almounds coming from California have to be washed in Amonia now.
My goats are offended, fuck almond "milk". Go ahead, just try to make butter or cheese out of that shit.
Weird, the supply of lemmings and sheeple is booming however.
let me see it in gold and I'm a happy camper!
I wonder what will happen at the end of the month...
Who needs meat or milk? I converted my diet to strickly iPads and iPhones. Inflation problem solved.
Got Inflation?
Any nigga looking at the price of purple drank can tell you inflation is far surpassing the goals of the Fed's 2% target.
Purple drank = milk for white people.
how's the price of horse and donkeymeat doing?
Horse flesh is priced exclusively in euros. Please refer to the EU price graph.
No inflation there thanks to horsedonic adjustments.
I'm telling you, this would get rid of a lot of strays and be a good source of much needed protein -
www.petsorfood.com
Very lively recipes, too.
strays are cheaper.... but baby seal???? might have to try it.
strays are cheaper.... but baby seal???? might have to try it.
Could we get a bonus chart with QE overlaid on these charts? I have a "gut feeling" about this data...
Cow puss and hormone beef.
Golly gosh, I do wish I had a government backed and protected business, printing the nations supply of 'Credit' from thin air, just to protect me from the viciousness of inflation.
This is what they called in the corny movies of the 80's a 'Stick Up'. And us mugs still havent done nowt. mark my words, 2014 will see some very 'Straining' problems come to the fore.
Nice to see you again I96. Hope all is well on your side of the pond. Have family in Blackheath but haven't talked to them in a awhile. Probably just getting by as usual.
Cheers centreline, same back at you mate, hope everything is going your way. All the best for the coming shitstorm, sorry year thats on us.
;-)
Yeah, I figure things start getting interesting this year at some point. 2013 was just too quiet. And we all know nothing has been fixed. Extraordinary measures have been made to keep a lid on things which is just going to make matters more explosive later.
As I posted on another article, the gestapo here have asked the home office if they have the legal right to use water cannons for thr civil unrest they must know is coming.
This cant carry on much longer mate, we are being stretched to breaking point, and the swines know it. Said it before and say it again, these pikers know we are fucked off, and are preparing for it. Same with me 2013, was 'Far' to quiet, 2014, on their thinking, and mine, wont.
Take care my friend. :-)
I have 2 boys ages 13 and 15. Eating machines. Two gallons of milk a day at roughly 4 bucks a gallon. And then the hamburger. Last year bought a quarter cow. All of it ground into burger. GONE in 4 months. Just bought half a cow. It will be gone by mid summer. Cant wait til the price doubles.
Buy guns and bows and make friends with a farmer who is fed up with having his crops destroyed by deer..preferably with a crop damage permit. Teach your kids to hunt too..they will need the skill in the future anyways. Hamburger problem solved.
It's funny that you mention that. Now that things are starting to cost a bit more, people who wouldn't let me hunt their land before are suddenly offering it up to me. It seems that when people are hungry those noble creatures of the wild eating everthing in sight aren't quite as sacred.
But dont forget all Dear belong to the DNR now ,unless they hit your car and then its not the DNR resposibility.
Have five boys, ages 14-21. Never have leftovers.
The only milk they get is for cereal. Why do people think milk is good for kids?
Post-partum abortion
f'em...surprised your kids aren't on some quality locally grown street drugs. they stiffle the appetite and they're cheaper
So each of your boys drink a gallon of milk a day? I've got two teenagers in high school and a gallon of milk lasts over a week in my house.
Water is free and better for their digestive health.
How fat are they eating all that bread with the burgers.
Try that with grass fed organic? Holy shit....we limit the two teens to a two glasses per day. Costs a friggin arm and a leg, but would rather if they drink milk, it's not full of all the other shit I can't pronounce here.
Recall Ann Barnhardt advising her rancher clients to stay in inventory and keep as many cattle on the property as possible. Wise advise.
there ya' go. lot of corn "hoarders" kept the crop on hold this year as well. should be good for the Merc folks.
Do they even have a CME that trades real goods anymore?
http://en.wikipedia.org/wiki/Chicago_Mercantile_Exchange
"the butter and egg board." who knew...who knew...
here's hoping there really is a natural gas hoard in Michigan...
Disabled, how about a somewhat crooked cash type deal with the Russians and have them send a tanker of gas over for us, I mean just for us ZHers, and fuck the CME? We simply bribe the port authorities because we all know they are crooked anyway. It would be a perfect scenario to happen right before the Olympics.
I blame it on the weather. Cold weather makes for hungry cows, and the cost of feeding cattle goes up. That's my story and i'm sticking to it.
I am on the phone with my fertilizer dealer as I type this.
Obviously you didn't read the blame it on the weather post.
Yes I did Dr. E, and I purposefully blamed it on Milli Vannilli.
Cold weather through five fulll years ? A full year usually includes at least one summer.
Don't understand the negative vote. Lots of truth in what you say. Also, lots of calving takes place in the early early spring, including now and into February. Bad weather now kills a lot of calves. That is future beef that can't be replaced till next calving season.
Yeah I know there is some truth to it. I know that the cattle eat a lot more in this weather, and I am hearing the same story about calves. My partner delivered three calves last night. Much of the iextra good intake is offset by a record corn crop and feed price dropping. With the global food supply being what it is , I'd say it's attribute the rising costs to just one thing.
Drought + corn for ethanol + rising energy costs + QE, and that's my story.
I'm all for turning corn into alcohol.....just not the kind that goes in my gas tank.
I'm with you there.
Corn is used in bourbon, legit use of corn in my book.
wait til the drought in the west really kicks in...
Already has although the effects haven't really hit prices hard yet.
Here in No Calif the hills would normally be bright green with high grasses this time of year from winter rain. But now they are brown and dead just like mid-summer. First time I've seen this since the drought of the 70s. Even now the cattle are looking very ragged and unhappy.
No problem, simply fill the troughs with Brawndo.
Brawndo. It's got electrolytes. It's what plants crave.
The US BLS can hedonically adjust the quality of US beef and milk higher as prices rise. So the prices of milk and beef can remain subdued.
After all, that strategy has worked to hedonically adjust away 66% of the increase in the price of cars.
If you don't like your inflation, we will hedonically adjust it away. Or use substitution. This beef sure tastes like chicken.
The beauty of hedonic adjustments is that it reduces inflation and increases GDP. Without hedonic adjustments, official US GDP would be at least $5 trillion lower. This game has been played since the early 70s in the land of the fraud.
"If you like your inflation, you can keep your inflation! Period!"
Beef what tastes like chicken? Neigh!
Nothing to do with corn demand or weather or anything like that....
\facepalm
The ethanol program's effect on corn prices is also a (indirect) cause of low interest rates allowing the government to spend (subsidize corn) more than it usually perhaps would.
Did you just make that up? It sure sounds like it...
Did you just disprove what I said ? It sure doesn't sound like it...
No, and I wasn't trying too as it would be utter waste of time as whatever I would type would be clearly lost on you....
Tilting at windmills is more along the line of Akak...
I can confirm cattle prices. I just bought into this years cow (it's still growing) - prices have been on the steady up every year, and it wasn't just drought (grass-fed).
Have noticed this since I started canning stew meat five years ago. Granted mine costs more since it's hormone free and grass fed/ration finished. Used to be able to get 14 quarts worth for 70$ and now I am over $100. I suppose I could short fill the jars like the fu-ing name brands all do.
Cattle more a supply story, but the funny-money doesn't hurt the thesis at all.
met a crusty guy at a bar about a year or so ago, upstate NY.. said he worked with "heifers?" .. said there wasn't any money in the business .. "it's a lifestyle" he said.
good to see price go up.. these folks in the cattle business don't make much of a living.
It's not inflation if you can substitute, right?
Fucking Keynesian sick muther fuckers.
Yesterday, I called to order propane. I figured I would give them a lead time knowing the situation in that market. I paid $1.31/gal for a summer fill last July. Now it is $2.75 and that is only because I own the damned tank and get a better rate than those who lease. If I was buying a billion gallons that would matter. The gal was friendly and all but get this, I can only buy 250 gallons on a "short-fill" at time but the delivery fee is the same though per trip. I had ask why that was even though I knew what she was going to tell me.
So, I get to pay more than twice the price I paid last summer AND I am being rationed AND if I have to reorder, I will get to pay another delivery fee. What about forecasting? Did the U.S. all of a sudden run out of gas? Planned economies are fucking retarded. Polar vortex my ass.
"Supposedly", there is a propane shortage. I called a week ago for a delivery and do not have it yet. Still at 35%, but a little worried.
Let the energy wars begin.
http://finance.yahoo.com/blogs/the-exchange/propane-shortage-sends-suppl...
I hear you Osmium. 35%? What are you using it for and how big is the tank? 35% is usually not that bad but definitely time to reorder. I usually focus on commodities so I should know more about this "shortage" than I do. Thanks for the link, I will check it out.
Huh, a friend of mine just got some without a problem. I want to say he has a 450 gallon tank, but I'm not sure. Then again, I'm not in the NE.
It's alright, we can always print more beef and milk.
And that's with most inflation being exported to developing countries. Good luck with that if the US ever wins the currency war.
Can I get a price check on long pigs?
We have a Soylent Green® economy, imagine the horror if pink slime shipments were interrupted
And oil isn't $15/barrel anymore! But there couldn't be any connection, right, motherfuckers?
Your are not respecting the propaganda's segmentation rules. High oil prices are not popular, therefore, they are not affected by our policies. People love higher home prices, therefore, our policies affect them but only if their prices rise.
Got it ?
Not to worry as the government will soon change the unit of measure to ensure a "new" gallon of milk will remain the same price of the old gallon and a new pound of ground beef will remain the same price of the old pound of ground beef. Oh, did I forget to mention that a new gallon of milk will be 110 fluid ounces now and a new pound of ground beef will be 14 ounces. Of course they will have no problem passing this on the sheepie as they can't read or add anyhow and just convince everyone that this is the "new" math they need to learn (i.e., BOATI = bend over and take it).
Even George Costansa didn't have this kind of shrinkage in Seinfeld.
The social justice vegan crowd is going to try to make sure meat is priced off the dinner tables.
They think it's unfair to animals and that rich people get to eat meat when it takes 11 lbs of grain to make 1 lb of beef. But they say nary a peep over the Obamas chowing down on Kobe Beef at $200/lb in the WH for Wednesday entertainment night. And cows fart, contributing to global warming.
Our desire to eat ruminants has contributed more to greenhouse gases and the removal of forests (to convert to grass fields) than any other industry.
Less ruminants equals more forests.
Less ruminants equals more forests.
sorry but i have to call bullshit on that. so does Joel Satalin.
http://www.youtube.com/watch?v=XYNDTjr5uOY
it's all on how you graze 'em. proper rotational grazing actually improves forest & grassland quality dramatically.
Actually, there was a speaker on TED talks who has done a great deal of research on the effect of ruminants.
It's just the opposite of what you've been taught. A thick density of ruminants results in turning arid land into green land. Their urine and droppings makes the land grow.
We need more, not fewer ruminants to prvent the desertification of the land.
Allen Savory was the speaker
The conversion rate is more like nine to one on as fed basis. Or six to one dry matter. And most beef is produced from grass and other cheap forages. Cattle only get grain concentrated feed for two to four months right before slaughter . But what do I know I'm just an ignorant old man.
"Not to worry as the government will soon change the unit of measure to ensure a "new" gallon of milk will remain the same price of the old gallon"
That was done at least 100 years ago. Imperial gallon = 4.5L. American gallon = 3.8L. You're already getting fucked. Maybe the New American Gallon will be 3.0L
Hey, I like my GMO food - lay off pricks!
"So each of your boys drink a gallon of milk a day? I've got two teenagers in high school and a gallon of milk lasts over a week in my house."
A gallon of milk lasts me about 3 days.
They'll just "BLS" the inflation away by substitution. In this case people who used to buy 16 oz of beef will merely "substitute" with 6 or 7 ounces. See? Same "price".
Red states are cattle country
As Well as commodities in general. We like this part of the long rebalancing.
Wait until you see veggie prices this spring and early summer if the California drought continues...
I'll be putting seeds in the ground starting somewhere between March 1 and March 15 and continuing through July. I'll be doing everything in my power to NOT see those prices.
Cattle looks like a bubble.
"With the world awash in liquidity and yet every one of the world's leaders spreading the "ogre of deflation" myth"
Deflation happens during depressions. Inflation/deflation is a cycle. A cycle doesn't go just one direction.
The "flation" debate becomes pretty good damn irrelevant when resource scarcity sets in. In terms of quality of life, so long as the population keeps growing, there is no chance of "deflation". Besides, in the history of earth, no society/currency has ever collapsed/died because their purchasing power was too strong. The whole fucking notion of deflation is pure elitist propaganda.
dont forget the fraudulent practice of ex food and energy.. Next thing they will ex obamacare.
You take out ex food and energy and inflation will be back to normal. just ask India
The herd is broke. CRB and CCI are well off their highs.
The central banks can cherry pick their commodities to pump, but buyers will shut down and go elsewhere.
Barry's front lawn will be filled with cattle and stainless steel trucks when this comes to an end.
give us more FUCKING FEWD STAMPS BARRY!!!!!
And hurry it the fuck up you stupid pawn!!!!!
Inflation Watch 22/01/14.
1. We should keep in mind that population ageing is theoretically inflationary, ceteris paribus: Population ageing means that the number of consumers increases relative to the number of producers, since pensioners are non-producing consumers (in the same vein, note also that a fall in labour supply theoretically drives up prices). Moreover, pensioners are consumers with low or negative savings rates, since they spend part of their wealth. Population ageing should therefore lead to excess demand for goods relative to supply, and therefore to inflation. (Natixis)
2. The current U.S. Vacancy rate matches levels in the first halves of 2008 and 2005; the unemployment rate averaged 5.2% in both periods. With the jobless rate at 6.7% in December, this suggests that “structural” unemployment has increased by as much as 1.5 percentage points of the labour force since the late 2000s. If so, the Fed is optimistic in believing that the unemployment rate can fall to about 5.5%* without generating inflationary labour cost pressures.
(Henderson).
3. In particular, China’s move to more differentiated products with greater pricing power and the recent sizeable growth in nominal wages imply that price pressures in China may rise. If so, and assuming it is not offset by a nominal depreciation of China’s currency, this could raise price levels in advanced economies. Central banks in the advanced economies, therefore, may need to counteract imported inflation pressures by tightening domestic monetary policy.
(Central Bank of Finland).
4. However, our UK Future Inflation Index, which gives a reasonable 6 month lead on the direction of UK inflation, is forecasting that inflation should start to head back up in the summer. This would not be a surprise given the surge in UK house prices over the last year or so. (Variant).
5. Malaysia: The consumer price index (CPI) went up 2.1 per cent to 107.1 for the period of January to December 2013 against 104.9 registered in the same period last year. Compared with the same month in 2012, the CPI for December 2013 registered an increase of 3.2 per cent to 108.9 from 105.5, and when compared with November 2013, the CPI increased by 0.3 per cent, the Statistics Department said. "Notable increases among these main groups with high weights were Food & Non-Alcoholic Beverages (+3.6 per cent); Transport (+2.0 per cent) and Housing, Water, Electricity, Gas & Other Fuels (+ 1.7 per cent).
6. Australia: CPI rose 0.8% in the December quarter 2013, compared with a rise of 1.2% in the September quarter 2013. it rose 2.7% through the year to the December quarter 2013, compared with a rise of 2.2% through the year to the September quarter 2013. The most significant price rises this quarter were for domestic holiday travel and accommodation (+6.9%), fruit (+8.1%), vegetables (+7.1%), new dwelling purchase by owner-occupiers (+1.0%), international holiday travel and accommodation (+2.6%) and tobacco (+2.2%).
7. Bank of Japan: On the price front, the year-on-year rate of increase in the consumer price index (CPI, all items less fresh food) is around 11?4 percent. Inflation expectations appear to be rising on the whole.
The Bank will continue with quantitative and qualitative monetary easing, aiming to achieve the price stability target of 2 percent, as long as it is necessary for maintaining that target in a stable manner. It will examine both upside and downside risks to economic activity and prices, and make adjustments as appropriate. Such conduct of monetary policy will support the positive movements in economic activity and financial markets, contribute to a rise in inflation expectations, and lead Japan's economy to overcome the deflation that has lasted for nearly 15 years.
8. Contrary to ECB expectations, the inflation rate in the euro zone should continue falling and drop as low as 0.6% in February. Although this may be solely due to volatile energy prices, and the underlying inflation trend is still moving sideways, the doves on the ECB Council are likely to call for further monetary easing. This could ultimately lead to an interest rate cut, in a compromise move. ( Commerzbank).
9. Turkey; "A rise in general index was realized in CPI (2003=100) on the previous month by 0.46%, on December of the previous year by 7.40%, on same month of the previous year by 7.40% and on the twelve months moving averages basis by 7.49% in December 2013."
10. UK. The forecast here remains for inflation to rebound later this year and in 2015 as rising real wages combine with sluggish productivity to push up unit labour cost expansion, with capacity pressures causing firms to protect or increase margins. The main risk to this view is a further surge in the exchange rate; the Bank is likely to use recent sterling strength as a reason to maintain its dovish interest rate guidance. (Henderson).
11. Bank of Canada; "Inflation in Canada has moved further below the 2 per cent target. This is due largely to significant excess supply in the economy and heightened competition in the retail sector. The path for inflation is now expected to be lower than previously anticipated for most of the projection period. The Bank expects inflation to return to the 2 per cent target in two years or so, as the effects of retail competition dissipate and excess capacity is absorbed."
Source: DEI
South Dakota ranchers reel after 'catastrophic' storm leaves up to 100,000 cattle dead
What about the price of coffee and sugar?
Look at what constituted the CPI in 1975 and look what constitues it now. Our (their?) government makes it up to suit the moment. Keep on voting for the staus que.
Here is a twist on the "substitution effect"...
Eat mor banksters...
OK. I'll try this again. Look at the CPI in 1975. look at what constitues it today. Using the imput from 1975 you can see inflation is still alive.