It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
news.yahoo.com...
WASHINGTON – The government says consumer prices shot up in June by the largest amount in 11 months, reflecting the biggest jump in gasoline prices in nearly five years.
The Commerce Department said Wednesday that inflation at the consumer level rose by 0.7 percent last month, slightly higher than the 0.6 percent increase that economists were expecting. It was the biggest one-month gain since a similar 0.7 percent increase last July.
Originally posted by johnny2127
Tough to say. An early alert to a changing trend would be one qtr of data. Even then its too short. 2 qtrs of data is really the minimum to confirm a trend. Although I do believe inflation is coming, I think it is a little ways off.
Originally posted by lighter78
If i remember right gas prices always jump high before the 4th, now gas here is back down a bit and even cheaper when i went camping in another state.. As for other things i havent really noticed yet still paying an arm and a leg for food like i have been for the past 2 years..
Originally posted by Spartak_FL
Originally posted by johnny2127
Tough to say. An early alert to a changing trend would be one qtr of data. Even then its too short. 2 qtrs of data is really the minimum to confirm a trend. Although I do believe inflation is coming, I think it is a little ways off.
ya but we are supposed to be in a deflationary period. There is nary a sign of recory anywhere. A jump in inflation is well....not supposed to happen
The big jump was seen as a temporary blip, however. Inflation is not expected to be a problem any time soon given a severe recession which is keeping a lid on wage pressures.
Originally posted by stander
LOL.
The MSM blew it nicely.
The big jump was seen as a temporary blip, however. Inflation is not expected to be a problem any time soon given a severe recession which is keeping a lid on wage pressures.
In order to play down the jump calling it "temporary blip," the writer admitted that we are still in a severe recession -- a condition that would tame any inflationary trend to worry about.
It's more than obvious that when the high unemployment figures go down, high inflation figures will kick in -- there is no other way.
Originally posted by johnny2127
reply to post by stander
I think inflation is coming, big time in fact. But I don't think it is coming anytime soon.