“According to the Bureau of Labor Statistics, producer prices for finished goods moved up just 1.4 percent for the 12 months ended in August, the smallest advance since a 0.5-percent rise in April 2013. According to the BLS release, over the past 12 months, at the producer level: Fresh and dry vegetables are up 47.1%. The price of chickens is up 6.2%. Residential gasoline is up 7.7%. Soaps and detergents are up 6.6%. Footwear is up 4.9%. Processed eggs are up 10.3%. Milk is up 6.7%. So if you don’t eat, wear shoes or wash, there is hardly any price inflation.”
http://www.economicpolicyjournal.com/2013/09/heres-why-you-think-price-inflation-is.html
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
The Anarchists vs. the Islamic State
Power Brokers: Saudi Crown Prince clears a path to the throne
Bubble, Bubble, Housing in Trouble
Glenn Greenwald leaves The Guardian to head up his own news site
Excerpt from Michael Hastings’ “The Operators” Re: Death Threats
Government Continues Its Attack On The Fifth And Sixth Amendments
CBS Broadcasts Wi-Fi Password For Secret Super Bowl Security Center
RFID tracking armbands forced on all residents near California music festival
X-ray full-body scanners to be taken out of U.S. airports
Canadian officials deny that pooping geese could have spread GMO wheat seeds
Maybe This Is Why We Now Have a Serial-Bubble Economy
Emotional Woman Attacks John McCain on Syria at Town Hall
Bitcoin Payment Service Helps Greek Businesses Avoid Capital Controls
IMF Chief Suggests IMFCoin Cryptocurrency as Possibility
Chrome Plug-In for Bitcoin Wallet Attracts Big-Name Talent