April consumer prices, a key inflation measure, rose 0.4 percent; core consumer prices up 0.2 percent; both in line with estimates.
CPI Numbers
Started by
redfoliage2
, May 15 2007 07:36 AM
4 replies to this topic
#2
OEXCHAOS
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Mark S. Young
Posted 15 May 2007 - 07:37 AM
Market Watch sez, "U.S. core CPI up 0.2% in April, as expected; 12-month rate's lowest in a year"
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#3
skott
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Posted 15 May 2007 - 08:39 AM
does anyone really believe inflation is down? somebody do a poll on that subject
#4
Data
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Posted 15 May 2007 - 09:03 AM
It doesn't matter. Based on their practices, the Fed is tolerant of real world inflation
up to 5 percent or so. If they calculated the health and education/communications
components honestly, those two small categories (20 percent weight in the CPI) would
alone add 1.1 points to the CPI and 1.8 points to the core CPI.
#5
TradeMark
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Posted 15 May 2007 - 09:04 AM
I can't believe the media spin on these numbers. "Good news, less than expected, takes pressure off the Fed, inflation abating, bla, bla bla". Did anybody notice that a core rate of 2.4% yearly is well above the Fed's target? And even that is number is massively understated.
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