Quote:
Originally Posted by parsonsj
That number is available, and from the same source, and is called "headline inflation" or Consumer Price Index (CPI). Last month that number was 1.66% -- even lower than core inflation. Why? Probably most due to falling oil prices. Next month that number is probably going to go up. Why? Probably due to drought conditions over much of the US. Core inflation is used by economists and policy-makers because it's not subject to these quickly changing conditions, but still reflects longer-term trends.
We can talk about any of these numbers, but it's not a serious discussion when we do take the government's word for one number (deficit), but not another (inflation or unemployment).
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ok, I'll go a step further. I'm self-employed for the last 25 years. My supplies, from electrical to construction, to cleaning have all jumped way more than 2-3% from now to last year, and from then to the year before. I just looked online at some of my bulb pricing. These are USA made products.
MH70med up 23% from 7/2010 to 7/2012.
MH400 up 20% same time period
MH100med up 22% same time period
And on and on. These are the exact same pieces from the exact same manufacturer. Same with other supplies............. garbage bags from Costco, up almost 20% in the last 18 months. Window cleaner, up just over 20%............
The bottom line for me is my checkbook tells me their inflation numbers are not real, and you couple that with the advantage for them to under-report them, or manipulate them to make things look better, and I'm just not going to buy it. Don't care to argue the deficit number, other than it's growing too fast at this point.
