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To: reaper who wrote (207846)	12/4/2002 12:16:11 PM
From: who cares?	Respond to of 436258

i am now going to go ask 1000 random people whether they think prices are going up or down.... ROFL

To: reaper who wrote (207846)	12/4/2002 12:28:42 PM
From: Bid Buster	Respond to of 436258

<(you would agree maybe that FOOD is a US good??)> yes, for the most part..some is imported however..but as your data shows prices are up and if there was a break down seperating imported food i think food prices would be higher. <apparel -2.1% yr-yr ALL categories (mens & boys; womens & girls; infants; and footwear, are down)> nearly all clothes are imported. <new and used motor vehicles -1.7% yr-yr new vehicles -1.1% used vehicles -4.5%> partly due to over capacity but also most raw material is imported ie; steel <personal care products -0.5%> no comment as i do not know...but i picture some woman making soap in south america in a wash tub. <household furnishings -0.8%> imported...go to an ikea or pier 1 store and look where that stuff is made. as for the rest of the data you presented its for the most part u.s. based..not so much in manufacturing but as you posted its in services ei; 5.8% increase in medical. your own post seems to support my contention that deflation is in imports while the u.s. economy inflates.

To: reaper who wrote (207846)	12/4/2002 12:39:16 PM
From: yard_man	Respond to of 436258

so ... have you bought your second island yet? finance.yahoo.com^TNX&d=c&t=5d&l=on&z=b&q=l you daytrader, you <g>

To: reaper who wrote (207846)	12/4/2002 12:51:10 PM
From: yard_man	Respond to of 436258

who trusts the BLS?

To: reaper who wrote (207846)	12/4/2002 1:24:09 PM
From: GraceZ	Read Replies (1) \| Respond to of 436258

Cleveland Fed Median CPI clev.frb.org Median CPI Provides Better Measure of Core Inflation clev.frb.org Discussions of the goals of monetary policy generally focus on the benefits of stabilizing prices. However, measuring the general level of prices is difficult, as nonmonetary events can, at least temporarily, distort reported inflation statistics, such as the Consumer Price Index (CPI). During periods of bad weather, for example, food prices may rise to reflect decreased supply, producing transitory increases in the CPI. But since these prices do not constitute monetary inflation, monetary policymakers may want to avoid including them in their decisionmaking. One commonly used technique for measuring underlying or core inflation is to exclude certain prices in the computation of the index, based on the assumption that these prices are the ones with "high-noise" components. This is the rationale behind the commonly reported CPI excluding food and energy data. However, economists Michael Bryan and Stephen Cecchetti have found a measure that forecasts inflation better than either the CPI excluding food and energy or the all items CPI: a weighted median of the CPI. The weighted median CPI is easy to calculate and has a higher correlation with past money growth than other inflation measures, resulting in improved forecasts of future inflation. Bryan and Cecchetti believe the weighted median CPI can be a useful and timely guide for inflation policy. clev.frb.org