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Saturday, January 17, 2015

There is No Inflation If You Don't Eat

WSJ notes:
Food prices rose 0.3% in December and 3.4% from a year earlier, the largest 12-month increase since February 2012, the Labor Department said Friday.

U.S. consumer prices rose at their slowest annual pace last month in more than five years largely due to a plunge in oil prices,..

But food prices were an exception, led by dairy, up 0.6% from November, and fresh vegetables, up 2.4%
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2 comments:

  1. AnonymousJanuary 17, 2015 at 3:24 PM

    This is actually important because apart from people who are really poor most people only spend a fraction of their income on food. In San Francisco people spend waaay more on rent than on food. As usual Austrians have been totally wrong about inflation for almost a decade. Hyperinflationists especially have a lot of egg on their face. Schiff, Rogers, Gary North and most LRC folks. Btw I expect this comment will never be seen since you're afraid and censor the majority of comments that shred your facile arguments.

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  2. AnonymousJanuary 18, 2015 at 8:25 PM

    the same currency the red hot stock market is valued in is the same currency that is used to buy your food. What does that tell you about the value of both of them ??

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