tag:blogger.com,1999:blog-7895164153505105997.post3853211338834689940..comments2024-01-17T00:45:37.075-08:00Comments on Bud Meyers: Cost-of-Living ShamBud Meyershttp://www.blogger.com/profile/02065020063363023395noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7895164153505105997.post-77216789704384281762011-09-16T05:21:36.205-07:002011-09-16T05:21:36.205-07:00Updated September 16, 2011 - "Reports release...Updated September 16, 2011 - "Reports released Thursday showed weakness in the jobs market and an uncertain outlook for manufacturing." (DAH! Anybody who's still breathing could have told me that!)<br /><br />"The inflation figures for August reflected the volatility in prices for items such as food and energy. Prices for gasoline moderated, with a 1.9 percent rise in August after a 4.7 percent jump in July. Food prices rose 0.5 percent compared with 0.4 percent in July. When those components were stripped from the index, the core C.P.I. showed that prices rose in August at the same rate as in July, 0.2 percent. (Why would anything that we actually need to live - such as housing, energy, and food - ever be stripped from the index?)<br /><br />"The latest figures show that inflation is set to outpace wage growth, which would be a significant blow to potential economic growth because 70 percent of the economy is based on consumer spending." (Such as housing, energy, and food.)<br /><br />SOURCE:<br />http://www.nytimes.com/2011/09/16/business/economy/consumer-inflation-higher-than-expected.htmlBud Meyershttps://www.blogger.com/profile/02065020063363023395noreply@blogger.com