AP - Wholesale Inflation Slides in February

[newportdadde]

<Inflation at the wholesale level plunged by the largest amount in nearly three years in February as the price of food and energy products including gasoline fell sharply.

The drop in overall prices was much larger than Wall Street had been expecting. However, outside of energy and food, core inflation at the wholesale level rose by 0.3 percent, a bigger increase than the 0.1 percent that analysts were forecasting.

Food prices at the wholesale level also fell last week, declining by 2.7 percent, the biggest decline in nearly four years. The drop reflected widespread decreases across a number of food categories, led by a 27.1 percent drop in vegetable prices. Prices for fruits, eggs, processed chickens, port and beef were all down.

The 0.3 percent rise in core inflation, excluding food and energy, followed a 0.4 percent jump in January.>

http://biz.yahoo.com/ap/060321/economy.html?.v=6

You got to love how the MSM reports inflation.

Now when wholesale inflation skyrockets like it will soon as gas continues its rise much as it did last year and has been doing for the past few years all we here about is the CORE INFLATION rate.

But when CORE INFLATION, their old friend is UP " rose by 0.3 percent, a bigger increase than the 0.1 percent that analysts were forecasting", then they take a look at wholesale costs and how much 'cheaper' food is..

Now I don't know about the rest of you but when I take a look at what my dollar buys for gas/energy/food and housing don't try to tell me inflation is freakin low, its high real high for the average american.

[fasttense]

1. They must have switched from fresh vegis to canned.

You know that basket of food they survey to give us the cost of survival, I mean inflation. They switched from steak to ground beef many years ago. I bet they switched from fresh vegis to canned this time around to get the price down.

[Greyhound]

3. Just an FYI, they change the contents of the 'basket' every time they

count it. The real shame is the sheeple are now so ignorant that they don't understand the fallacy of a sliding scale to yield judgments.

[Greyhound]

2. Why waste your time? It's all lies on top of lies.

Inflation is rampant because the corporations have achieved critical mass, they have control over their respective markets and they've just decided to set profits to usurious levels and what the fuck are you going to do about it? Stop driving? Live under a bridge? Starve? and on and on and on...