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Inflation under control really???

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Maggie_May Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-14-08 11:19 AM
Original message
Inflation under control really???
Consumer prices held steady in February, with milder-than-expected inflation giving the Federal Reserve some leeway in its interest rate-cutting campaign.
The more closely watched core CPI, which strips out volatile food and energy prices, also showed prices maintained the levels from the previous month. Economists had expected a 0.2% rise in that measure after a 0.3% jump in January. February's core CPI month to month change was the lowest since November 2006.
http://money.cnn.com/2008/03/14/news/economy/cpi/index.htm?postversion=2008031410

Ok don't count food and energy the things that average Americans buy everyday and everything is just fine. If the fed does make another rate cut this will mean a lower dollar higher energy prices and food.


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Stuart G Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-14-08 11:25 AM
Response to Original message
1. Sure it is.. Yesterday..gas in my area, went up 8 percent in one day.
Edited on Fri Mar-14-08 11:31 AM by Stuart G
..In one day, it went from $3.24 a gallon to 3.45 a gallon. Twenty cents in one day.

So inflation is holding steady..sure, and I am Groucho Marks.,,,,,,,,,

"Say the secret word, and win fifty dollars........"
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sarcasmo Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-14-08 11:53 AM
Response to Original message
2. A can of Healthy choice soup has gone from 2.09 to 2.69 in the last year.
Using this one example it shows how inflation is far out pacing wages. If you add in the four dollars a gallon for milk and add fifty cents to every other product, Americans are feeling the pinch and it is only going to get worse. Long Live Dictator Bush, do I really need the sarcasm tag?
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pansypoo53219 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-14-08 12:09 PM
Response to Original message
3. how convenient.
don't include essentials.

what are they afraid of?
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