All Posts Tagged With: "Core Inflation"
US Inflation Rate Rises 0.6% in May
The US inflation rate rose by 0.6% in May — the highest monthly increase since last November.
The core inflation rate, however, which excludes volatile food and energy prices, only rose 0.2%, easing fears that rising commodity prices would feed into more widespread inflation
But can the government’s inflation data be trusted? John Brown in The Daily Reckoning doesn’t think so…
Is Inflation or Deflation the Biggest Threat to the Global Economy?
I really wouldn’t like to be the man in charge of sorting out the UK economy today. Almost every piece of economic data so far this week has been as bad as it could be.
The Great Inflation Cover-Up
Fortune magazine asks an interesting question: How do you account for the discrepancy between the Fed’s recent assurances that inflation is under control and the 91% of the population (according to a March CNN poll) that’s worried it isn’t?
The answer? The feds focus on what they call “core” inflation. This strips out energy and food from the consumer price index because of their theoretical vulnerability to short-term volatility — magically making inflation seem smaller than it is.
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