Thursday, May 17, 2012

Inflation is Quiet, So Why are People Still Feeling its Pain?

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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