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Tag Archives: consumer price index
Yellen Was Right: “Transitory” Factors of “Low” Inflation Are Reversing, with Much More to Come
Yellen Was Right: “Transitory” Factors of “Low” Inflation Are Reversing, with Much More to Come What’s Boiling Beneath the Surging Inflation? Consumers are going to shell out more money for the same stuff, that’s for sure. Inflation as measured by the Consumer Price Index jumped 2.2% in September compared to a year ago, the Bureau of […]
About Those “Hedonic Adjustments” to Inflation: Ignoring the Systemic Decline in Quality, Utility, Durability and Service
About Those “Hedonic Adjustments” to Inflation: Ignoring the Systemic Decline in Quality, Utility, Durability and Service The quality, durability, utility and enjoyment-of-use of our products and services has been plummeting for years. One of the more mysterious aspects of the official inflation rate is the hedonic quality adjustments that the Bureau of Labor Statistics makes to the […]
Be Careful What You Wish For: Inflation Is Much Higher Than Advertised
Be Careful What You Wish For: Inflation Is Much Higher Than Advertised What the Federal Reserve is actually whining about is not low inflation–it’s that high inflation isn’t pushing wages higher like it’s supposed to. It’s not exactly a secret that real-world inflation is a lot higher than the official rates–the Consumer Price Index (CPI) […]
August Consumer Prices Jump Most Since January Due To Soaring Energy, Shelter Costs
August Consumer Prices Jump Most Since January Due To Soaring Energy, Shelter Costs After disappointing (for The Fed’s inflationistas) producer prices growth yesterday, consumer prices jumped 0.4% MoM in August – the biggest spike since January. Gains were driven by soaring energy costs (offset by a big decline in vehicle prices). Year over Year, CPI […]
Does the Price of Oil Determine General Increases in the Prices of Goods and Services?
DOES THE PRICE OF OIL DETERMINE GENERAL INCREASES IN THE PRICES OF GOODS AND SERVICES? A very good visual correlation between the yearly percentage change in the consumer price index (CPI) and the yearly percentage change in the price of oil seems to provide support to the popular thinking that future changes in price inflation […]
Fed’s Policy of Price Stability Results in More Instability
FED’S POLICY OF PRICE STABILITY RESULTS IN MORE INSTABILITY For most economists the key factor that sets the foundation for healthy economic fundamentals is a stable price level as depicted by the consumer price index. According to this way of thinking, a stable price level doesn’t obscure the visibility of the relative changes in the […]
Loonie Tumbles After Canadian Inflation, Retail Sales Plunge
Loonie Tumbles After Canadian Inflation, Retail Sales Plunge A slew of disappointing data out of Canada has sent the Loonie tumbling this morning (despite higher oil prices). Canadian Retail Sales and Inflation data missed across the board… Multi-year lows in CPI, Core CPI, and Retail Sales… And the result is a tumbling Loonie as expectations of […]
Ed Butowsky: Calculating The True Cost of Living
Ed Butowsky: Calculating The True Cost of Living Why it’s much higher than we’re told/sold Over the past decade, we’ve been told that inflation has been tame — actually below the target the Federal Reserve would like to see. But if that’s true, then why does the average household find it harder and harder to […]
Fruit and vegetable prices hike overall food costs
Fruit and vegetable prices hike overall food costs Food prices increased by four per cent over the year, largely because of the low loonie According to the Consumer Price Index, food prices increased by four per cent from Jan. 2015 to Jan. 2016. But fresh vegetables alone were up 18 per cent. For example, just […]
Inflation in Canada ticks up to 1.6% in December on higher food prices
Inflation in Canada ticks up to 1.6% in December on higher food prices Food prices are increasing at more than twice the overall inflation rate, Statistics Canada says. (Shutterstock ) The cost of living in Canada went up by 1.6 per cent in December due to higher prices for food, shelter and transportation. Statistics Canada reported […]
Earthquake Economics
Earthquake Economics Beyond Human Capacity “The United States of America, right now, has the strongest, most durable economy in the world,” said President Obama, in his State of the Union address, on Tuesday night. What performance metrics he based his assertion on is unclear. But we’ll give him the benefit of the doubt. Photo credit: Natacha Pisarenko […]
I Sure Am Glad There’s No Inflation
I Sure Am Glad There’s No Inflation I sure am glad there’s no inflation, because these “stable prices” the Federal Reserve keeps jaw-jacking about are putting us in a world of hurt. We are constantly bombarded with two messages about inflation: 1. Inflation is near-zero 2. This worries the Federal Reserve terribly, because stable prices […]
Inaccurate statistics and the threat to bonds
Inaccurate statistics and the threat to bonds Statistics have become very misleading: in particular we are being badly misled into believing that the US is teetering on the edge of price deflation, because the US official rate of inflation is barely positive, a level that US bonds and therefore all other financial markets have priced […]
Today’s CPI Lesson: The Fed’s 2% Inflation Target Is Completely Stupid
Today’s CPI Lesson: The Fed’s 2% Inflation Target Is Completely Stupid The madness of the Fed’s pending 81 month run of zero interest rates comes down to an inflation subterfuge that has no logical or empirical grounding in real world economics. Essentially, the Keynesians who currently inhabit the Eccles Building have turned all of central banking’s anti-inflation history on its head, saying, […]
Think Different About Purchasing Power
Think Different About Purchasing Power The Tip of the Iceberg The dollar is always losing value. To measure the decline, people turn to the Consumer Price Index (CPI), or various alternative measures such as Shadow Stats or Billion Prices Project. They measure a basket of goods, and we can see how it changes every year. However, companies are […]
