How stupid do they think we are???

[Smee]

"On Friday, the Labor Department reported its latest reading on inflation. The Consumer Price Index (CPI) rose 0.6% in May. Economists were expecting a 0.5% increase according to Briefing.com. This was the biggest jump in a year. And over the past twelve months, prices are up 4.2%.

The so-called core CPI, which excludes food and energy, also picked up speed. It rose 0.2%, in line with forecasts. The core CPI was up 0.1% in April."

Does the Fed really think we are stupid enough to believe that? My grocery bill in the last month has gone up more than that. Add transportation, utilities, and such . . .

Can they really think we are that stupid?

 

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[MD Dog]

The so-called core CPI, which excludes food and energy, also picked up speed. It rose 0.2%, in line with forecasts. The core CPI was up 0.1% in April."

Does the Fed really think we are stupid enough to believe that? My grocery bill in the last month has gone up more than that. Add transportation, utilities, and such . . .

Can they really think we are that stupid?

Ummm Not lookin for a fight here Smee, but you say your food and energy costs have gone up more than that. But they say in the line above that the Core Consumer Price Increase doesn't include food nor energy costs. :P

 

[Smee]

That's ok, don't have any reason to take offense against you.

If they're not included, then its not a true guage of inflation on any level. Yes, those prices are volatile, but they ARE reality.

Did my medicine go up? Yes, but that was a result of their increased cost for transportation. So . . . I guess it wasn't an increase in their eyes

Services I use have gone up, but again, it's due to increased fuel costs . . . So I guess those don't count either

The price of filing charges in municipal court have DOUBLED . . . but that doesn't count.

The cost of service of summons has DOUBLED . . . but that doesn't count

Everything our store buys has a fuel surcharge or increased shipping charges . . . again, fuel doesn't count

The only thing that hasn't gone up is my salary

What items do they use to track inflation?

 

[MD Dog]

Dambed if I know what they use cause they are very rarely right.

BTW they don't think were stupid, just not as smart as they think they are.

 

[Montana Jim]

We are just now (in my location) seeing gas hit $4.00 (+).

A local gas station owner is taking a loss of 2 - 3 cents per gallon to keep customers comming in for the other stuff. He ALSO stated that he's selling MORE gas than he ever has and it's like that across the area!

Prices are the highest ever - and people are buying more then ever...

I'm drawing no conclusion - just putting it out there.

 

[MD Dog]

Higher usage during the summer time isn't unusual Jim. But it can't actually be more than ever. If he's losing money on his gas sales then he'd go out of business quicker the more gas he sells.

 

[jeff of pa]

I believe What is happening is People are topping off
as often as Possable Because they fear if they wait till
later they will pay 10 cents more a gallon.

Anyone who just drove a quarter Tank out is going to Fill up
as soon as possable.

 

[Montana Jim]

Higher usage during the summer time isn't unusual Jim. But it can't actually be more than ever. If he's losing money on his gas sales then he'd go out of business quicker the more gas he sells.

I'm sure he's taking summer volumn into account... basically saying he's selling more gas than he ever has, and maybe it's because he's a cent or two under everyone... I dunno.

Instead of me sounding like an idiot, I'll just post the link! LMAO...

http://www.greatfallstribune.com/apps/pbcs.dll/article?AID=/20080620/NEWS01/806200330/1002

I'll shut-up now.

 

[Smee]

Now Jim, everyone knows that I'm the village idiot here.

As long as you don't sound like me, or agree with me too much, you're OK.

 

[rmptr]

In the spin of things, methods of calculation, and factors considered, and omitted are changing.

Depending upon the desired result of the presentation, data will be selected.

Our resident psy-ops man will attest to that...

Cash and carry-out food products have gone up a minimum of 20% or more, most recently.
Contributing factors are of no importance.
It's the impact that counts.

A food dollar goes further when purchasing single ingredient items.
Any additives or process involved is costly.

Best,
rmptr