US consumer prices barely rise. Add this to the list of "Things Republicans Were Wrong About".

Consumer price inflation for September came in soft although the headline number was marginally above forecasts.

Overall consumer prices in September firmed 0.1 percent after falling 0.2 percent in August. Market expectations were for no change. Excluding food and energy, the CPI also nudged up 0.1 percent, following no change in August. The consensus was for a 0.1 percent increase in September.

Energy slipped 0.7 percent, following a drop of 2.6 percent in August. Gasoline declined 1.0 percent, following a 4.1 percent drop in August. Food price inflation gained 0.3 percent after posting a 0.2 percent gain in August.

The index for all items less food and energy increased 0.1 percent in September. Along with the shelter index, the index for medical care increased, and the indexes for alcoholic beverages and for personal care advanced slightly. Several indexes were unchanged, and the indexes for airline fares and for used cars and trucks declined in September.

On a seasonally adjusted basis, the headline CPI was up year-ago 1.7 percent in September-matching August. Excluding food and energy, the year-ago pace was 1.7 percent, also equaling the August pace.

Currently, inflation is soft and not leading the Fed to hurry the first increase in the fed funds rate next year. Fed funds futures suggest that first rise will be in the second half.

PACEDOG#1 wrote:Guess you missed the thread on hamburger meat being up 91% in last five years (all Obama years).

What about prices of cars? Average car is 30k.

gatorfan wrote:Now if the Gini coefficient would just look a little different.......






The figure and its data come from Janet Gornick, the director of a CUNY research centre on international inequality. The dark-blue lines tell a now-familiar tale: America boasts the highest post-tax-and-transfer income inequality of any highly developed country in the world. The metric at play is a number between 0 and 1 known as the Gini coefficient. In a hypothetical country with a coefficient of 0, everyone has exactly the same income, while a nation with a coefficient of 1.0 is home to one fat cat who takes everything while everyone else earns nil. At 0.42, America’s level of post-tax-and-transfer inequality outranks Israel, Britain and Canada, and dwarfs the figures in Japan and Scandinavia.

boards of FL wrote:

gatorfan wrote:.

How is this relevant to inflation or CPI?  

gatorfan wrote:

boards of FL wrote:

gatorfan wrote:.

How is this relevant to inflation or CPI?  

I keep forgetting you aren't capable of thinking about more than one or two indicators. Disregard the post as usual since it doesn't "fit your narrative". LOL.

2seaoat wrote:Most people can't afford a 30k car. I know I can't.

You can buy a Nissan Versa for less than 15k taxes and delivery.

2seaoat wrote:Most people can't afford a 30k car. I know I can't.

You can buy a Nissan Versa for less than 15k taxes and delivery.

boards of FL wrote:


So it was late 2008/early 2009 when members of the right wing base began telling us wide-eyed tales of exploding inflation.  This is odd considering the fact that inflation has been historically low ever since those predictions.

Markle wrote:

boards of FL wrote:


So it was late 2008/early 2009 when members of the right wing base began telling us wide-eyed tales of exploding inflation.  This is odd considering the fact that inflation has been historically low ever since those predictions.

Those forecasts were based on the assumption that sooner or later the Fed would quit printing trillions of collars which find their way into the stock market making the rich richer.  How is that such a good thing for Progressives?

What will happen when the tap is shut off?