This week’s report from the
Bureau of Labor Statistics
shows no change in the seasonally adjusted U.S. consumer price index
for April. Real average hourly earnings were also unchanged. On the face
of it, those numbers should take inflation off the list of things
people have to worry about, but they don’t. Instead, every time I post
numbers that show inflation is low, I get comments like these:
“Inflation is creeping in. Businesses are holding back. People are up against the wall.”
“Those
who live in ivory towers and pontificate about the ‘real’ economy while
being totally removed from it should really experience how the 99
percent live.”
“If you believe the BS stats, you are in the minority. Consumers KNOW differently. Core CPI, etc. What a pile of cowdung!” >>>Read more
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