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11/18/2010 09:34 PM ID: 86387 Permalink   

U.S. Inflation at Record Low Since 1957

 

Except for food and energy, prices for consumer goods are rising constantly. However, the increase is so slow that inflation is on a record low.

During the last 12 months, the Consumer Price Index rose 1.2 percent, according to the Bureau of Labor Statistics. If we exclude food and energy prices, the real CPI shows only an increase of 0.6 percent.

This is the smallest percentage since 1957, when the CPI was introduced.

 
  Source: money.cnn.com  
    WebReporter: vornado36 Show Calling Card      
  Recommendation:  
ASSESS this news: BLOCK this news. Reason:
   
  9 Comments
  
  Yeah... Okay...  
 
We were also told that the recession ended in June 2009.

http://www.reuters.com/...
 
  by: CArnold     11/18/2010 10:00 PM     
  @CA  
 
And this is an effect of the recession ending.

Sheesh for all of the business experience you have talked about, you should know this.
 
  by: gbestwick   11/18/2010 10:39 PM     
  Inflation  
 
I though inflation was based on the value of a dollar (or local currency) decreasing as compared to the cost of local goods as well as the buying power of that currency based on other currencies. Shouldn´t inflation be at record highs since the value of a dollar is at record lows?
 
  by: bala_mt   11/18/2010 11:43 PM     
  @More  
 
Well, inflation is caused by many things. Export shipments, cost of goods. Cost of credit, and credit availability.

It is also an indicator of growth.

If you compare what was going on in 57´ both socially and economically, you´ll see that there are many parallels.

I would say that this is a good indicator of how well the measures by BOTH administrations (yes, Bush and Obama) have managed to get the economy moving after a very very bad decade.

 
  by: gbestwick   11/18/2010 11:58 PM     
  Correction  
 
Inflation RATE.
 
  by: H. W. Hutchins   11/19/2010 02:12 AM     
  BS!  
 
Inflation is just a measure of how much cash there is in circulation, so when the Federal Reserve prints up a ton on money, then you will automatically have inflation, and the value of said money will automatically decrease.

The only people who are helped by this are those close to the Fed/Government, who are able to get their hands on this new money, and spend it before inflation sets in.

These are the people who are telling you that there is no inflation (but please ignore food and energy!), because they really hope that you will just be stupid enough to not notice, while they devalue all of your savings for their own benefit.

Is anyone really so stupid to not notice?
 
  by: circuit_monkey   11/19/2010 03:38 AM     
  You´re dead on, Circuit Monkey.  
 
Kudos.
 
  by: jenkie     11/19/2010 05:17 AM     
  @Circuit_Monkey  
 
"Is anyone really so stupid to not notice?"

Yeah about 300,000,000 Americans. Plus or minus the 1-2% that actually understand what is going on...
 
  by: slavefortheman     11/19/2010 04:30 PM     
  @ all  
 
Pay no attention to the man behind the curtain.... Trust the government they are here to protect us from evil...
 
  by: bala_mt   11/19/2010 04:52 PM     
 
 
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