OK, here goes...
from the October CPI report
food +1.0% yr-yr
food at home -0.1%
food away from home +2.3%
(you would agree maybe that FOOD is a US good??)
apparel -2.1% yr-yr
ALL categories (mens & boys; womens & girls; infants; and footwear, are down)
new and used motor vehicles -1.7% yr-yr
new vehicles -1.1%
used vehicles -4.5%
recreation +1.0% yr-yr
personal care products -0.5%
household furnishings -0.8%
so just a few examples where prices are going down or are very close to flat.
housing, as you may or may not know, comprises 40.873% of the CPI. that leaves the rest (goods and services) at 59.127%.
that 59.127% of the economy that is not housing saw a 1.52% yr-yr increase in price in October. now, within this 59.127% resides medical (5.810%), education (2.726%) and tobacco (0.928%) where prices were up 4.8%, 6.3%, and 9.5%, respectively. medical, education, and tobacco prices are NOT set by 'market' forces; they are set by completely fcked-up government intervention.
anyway, these three items account for 91 of the 152 bps of 'inflation' seen in the non-housing economy.
which means in the non-housing economy, where prices are set by market dynamics and not by the farking morons who claim to be 'running' our government, prices were up 0.61% (61 bps) year-over-year in October. that sure as hell is not "inflation" and is getting dangerously close to "deflation".
if you care to do your own work, or check my math, all the info you need is right here...
bls.gov
i am now going to go ask 1000 random people whether they think prices are going up or down.... <g>
Cheers |
