Inflation Worsening, despite deceptive CPI [View All]

[unlawflcombatnt]

Today's Consumer Price Index decline of 0.6% is very deceiving. With the exception of energy prices, the Consumer Price Index went up for all individual items. The ENTIRE decline is accounted for by a drop in fuel prices. The so-called "core" rate of inflation is actually rising (it excludes fuel costs, along with food costs.) Below is a list from Briefing.com of the individual price increases:

Category............... Nov.... Oct.... Sep.... Aug.... Jul
All Items.............. -0.6%.. 0.2.... 1.2..... 0.5..... 0.5
Food&Beverages..... 0.3..... 0.3.... 0.2..... 0.1..... 0.2
Housing................. 0.5..... 0.9.... 0.4..... 0.2..... 0.4
Equivalent Rent...... 0.2..... 0.1..... 0.1..... 0.2..... 0.2
Apparel................. 0.2.... -0.4... -0.1.... 1.0..... -0.9
Transportation...... -4.8.... -1.3..... 5.1..... 2.2..... 1.5
..New Vehicles...... -0.1..... 0.5..... 0.4.... -0.5.... -1.0
..Motor Fuel........ -16.0... -4.4.... 17.8..... 8.2..... 6.1
Medical Care.......... 0.6..... 0.5..... 0.3..... 0.0..... 0.4
Recreation............. 0.0..... 0.2..... 0.4.... 0.3...... 0.1
Educ&Commun........ 0.4.... -0.1..... 0.7... -0.1...... 0.2
Other.................... 0.3..... 0.1..... 0.1.... 0.2...... 0.6
Tobacco................ 0.4.... -0.1..... 0.7.... 0.6...... 1.1

Special Indices
Core..................... 0.2%... 0.2.... 0.1..... 0.1...... 0.1
Energy................. -8.0.... -0.2... 12.0..... 5.0...... 3.8
Services................ 0.5...... 0.7.... 0.4..... 0.2...... 0.4

This information can be found at: http://www.briefing.com/Silver/Calendars/EconomicReleases/cpi.htm

It's worth pointing out that food prices increased 0.3% (annual rate of 3.6%), apparel and equivalent rent increased 0.2% (annual rate of 2.4%), medical care increased 0.6% (annual rate of 7.2%), and education increased 0.4% (annual rate of 4.8%).

ALL consumer prices, except for energy, are increasing.

unlawflcombatnt
EconomicPopulistCommentary
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The economy needs balance between the "means of production" & "means of consumption."