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Friday, May 13, 2011

Consumer Prices Rise 0.4% In April

Inflation at the consumer level increased 0.4% in April, led by higher gasoline and energy prices. Excluding the food and energy component, prices were up 0.2% on the month.
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1 comment:

Anonymous said...

Actually, that's for the government's stupid "seasonal adjusted" index. The CPI-U really went up 0.64% from March to April...
ftp://ftp.bls.gov/pub/special.requests/cpi/cpiai.txt

See also the penultimate paragraph here:
http://www.bls.gov/news.release/cpi.nr0.htm

This year the CPI has gone up 2.13% in four months. That's a rate of 6.5% per year, assuming it doesn't accelerate (which will probably happen). Inflation is here, people, and hyper-inflation most likely will follow if we don't get the Federal debt under control.

May 14, 2011 at 8:09 PM

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