Core CPI Inflation Rate, 0.94%, at 49-Year Low; Soon It Would be Hugging the Flat Line

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Subject:	Core CPI Inflation Rate, 0.94%, at 49-Year Low; Soon It Would be Hugging the Flat Line
Date:	Wed, 19 May 2010 06:11:20 -0700

Core CPI Inflation Rate, 0.94%, at 49-Year Low; Soon It Would be Hugging the Flat Line

6-Month Core below 0.5% annual rate and is the lowest since 1957 for which we have the data.

 

No, we are not Japan; we are something else! "We" are shouting fire when we are under blizzard conditions and would be under 10 feet of snow. The fire engines are going to be buried, but they were unnecessary to begin with.

 

Mobsters in control of the US economy want controlled inflation around 3%, but they are running out of ammunition to keep it up. The inflation rate for the past three years is 1.7%. I love deflation and I am glad that mobsters, as expected, are losing this battle. We can only hope that one day the mobsters are gunned down, a fate that they deserve. As Debt Pushers they are the enemies of honest and hardworking American People. Shame on all those that defend the mobsters.

Jas

Kirk Here:  Read the full release here or http://www.bls.gov/news.release/cpi.nr0.htm

Consumer Price Index -April 2010

On a seasonally adjusted basis, the Consumer Price Index for All Urban Consumers (CPI-U) declined 0.1 percent in April, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the index increased 2.2 percent before seasonal adjustment.

The index for energy decreased 1.4 percent in April and accounted for the seasonally adjusted decline in the all items index. The indexes for gasoline and natural gas both decreased significantly, outweighing increases in the indexes for fuel oil and electricity.

The food index increased 0.2 percent in April, while the index for  all items less food and energy was unchanged.

and

The continuing stability of the index for all items less food and energy (core inflation) has resulted in an increase over the last 12 months of 0.9 percent, the smallest 12-month increase since January 1966.

Who doesn't buy food and energy?  Talk about cherry picking the data to make a point.

This data was calculated BEFORE the announcement that a trillion dollars will be printed by central banks to bail out the European Union, much of it printed by our Federal Reserve to buy Euros.