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Core CPI Rises At Slowest Pace In 14 Months As Food Costs Jump
Consumer Price Inflation rose a mere 0.1% MoM in July, its equal lowest since November 2013 and in line with expectations as falling energy and transportation costs (both -0.3% MoM) led the stabilization (with a 5.9% plunge in airfares). The biggest drop was in personal computers (-1% MoM) which is now -6.0% year-over-year. Food prices rose 0.4% MoM. Ex-food-and-energy, prices also rose 0.1%, missing the 0.2% expectations, to the slowest pace of core inflation since April 2013. So much for all that inflation is about to break out and tear bond yields higher chatter... (no matter how real or unreal the government's hedonically-manipulated data is).
The 2-month change in Core CPI swung from hottest in 7 years to coldest in 14 months...
Chart: Bloomberg
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How about those housing starts? How about home depot?
Rigged.
yup, it's all rigged, up until someone's gdp bombs. Then we latch on to those numbers with everything we can.
Time to adjust the CPI...
the good side of it is it takes less shelf's space as the packages getting smaller...
With more shelf space you can place more product and provide more variety with the added bonus of more units moved.
Bullish.
I buy and eat food everyday. I buy computers once every 4 years.
How they weight the different items in the CPI is what I would like to know.
Remember way back when these numbers used to matter?.... Yeah, me neither. Print away.
Ah yes, all those things that are essential to your survival, don't count. good luck with that.
WHen is this Bullshit data going to be found out????
people know it. they see it every week at the grocery store.
i'm getting so fat these days. with the deflation in iPad prices, i simply cant eat just one at a time anymore. and then there's the iPad mini midnight snack....
Peanut butter and jelly topping ?
I prefer clotted cream and jam myself.
My last paycheck was six billion. I don't need a webste.
John Corizine
Now I just co-host Hillary fundraisers and be her economic adviser.
Jon
The only things that's gone down in the last month is gas and a few hookers.
i'm waiting for the day TD 'capitulates' and says 'coast is clear, all is well... nevermind everything we said for the last 6 yrs'
that will be the moment this whole game unravels...
that or the day ZH becomes a cheerleader for money printing, fiat, and stock 'markets' ("we were just kidding abt the riggedness... party on, buy everything")
The 4 things that people have to spend their money on are food, shelter, electric/water utilities and maybe transportation.
I'd like to see some kind of CPI based on those expenses alone. Thta would tell me how we are doing. Don't think its good.
The cost of bread, butter, eggs, and milk will determine the fate of America.
Dont forget TV
every item you mentioned is govt subsidized. tells you something about how 'fate' can be manipulated with a few trillion dollars, doesnt it?
If it's subsidized, people should expect big price increases.
If the government is willing to pay for it, I'd hike prices ASAP.
If the government wants civil unrest, it can manipulate that scenario too.
Lovely summer huh...
just wait till the winter months and polar vortex.. these numbers will _really pick up
I guess I should be flying three times daily and eating once a year. Then I could really take advantage of these low prices.
(with a 5.9% plunge in airfares)
Thought that was from all the FBI leaks about the Jihadists and stinger missles entering the US along with the training camps that have been reported to the FBI but nothing done.
Really it is simply FRAUD and financial terrorism by Washington D.C. against the United States of America.
Feeder and Live Cattle have rolled over as have hogs.
Wheat and corn have tanked - these rolled in May.
Give it about 3 months to show up at store shelves.
Rent keeps going up
So does food
So does civil unrest
Its like thats related
or something
so tens of millions can't afford to update their computers, fly on a vacation, because of higher priced food, and energy, and their saving on transpotation because their unemployed and don't need to drive to work, thats good news for the economy?
when is o'bamacare, (health-care ins.), going to be a cpi category beings it's not a tax, but is a mantory govt. requirement?
All govt. statistics are pure bull shit.
CPI has been fudged over and over. Beef to expensive? Replace with portk. TV too expensive? Adjust the 'value' because of features. All so that CPI etc. remains artificially low and the FED can print more money with impunity.