New CPI is 7.7%
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CPI
New CPI Somehow “Surprises” the Market Again
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Inflation Comes in Hot Again – and Still Understated – 8.3%
The August Consumer Price Index (CPI) just came in at 8.3% (prices up .1% from last month). Market watchers were expecting a CPI of 8.1% and prices down .1% from July. Whether the report showed 8.1% or 8.3%, it’s a huge number. To give you a sense of how bad 8% inflation is, at that … Read more
CPI Hits 9.1% and Somehow People Are Still Surprised
Today’s announcement that the Consumer Price Index (CPI) hit 9.1% was so severe that there is now credible speculation that the Federal Reserve will raise the fed funds rate by 1.00% instead of the planned .75% which would still represent a huge increase. We warned that inflation was large, understated, a huge problem, and not … Read more
More Nonsense from the U.S. Bureau of Labor Statistics – CPI
This morning, the U.S. Bureau of Labor Statistics announced last month’s Consumer Price Index (CPI) was up 7.9%. As we’ve pointed out multiple times in multiple forums, this number is complete nonsense. The increase in shelter (housing) prices was listed at 4.7%. As we’ve noted in the past, this is due to a change made … Read more
