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No inflation? What planet do the government statisticians live on?
Headlines Say There's No Inflation, But Look at What's Getting More Expensive
By Yun Li
CNBC, New York
Wednesday, February 13, 2019
U.S. consumer prices were unchanged in January on the headline level, but looking under the hood, some of the most basic consumption including rent, food and medical care are all getting more expensive.
"Please stop telling me there is no inflation," Peter Boockvar, chief investment officer at Bleakley Advisory Group, said in a note Wednesday after the consumer price index report. He pointed out that services inflation excluding energy has grown persistently with a 0.2 percent increase month over month and 2.8 percent rise year over year.
... Dispatch continues below ...
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The headline figure saw no change in January largely because cheaper gasoline offset the increases in other areas. Gasoline prices fell 5.5 percent last month after dropping 5.8 percent in December.
On the surface, the headline CPI number is showing that inflation is contained. But the core rate of inflation, which doesn't consider energy and food prices because they fluctuate easily, has risen 0.2 percent for each of the past five months. ...
... For the remainder of the report:
https://www.cnbc.com/2019/02/13/headlines-say-theres-no-inflation-but-lo...
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