tag:blogger.com,1999:blog-13522238.post2240411977505836800..comments2024-03-14T11:50:14.761-04:00Comments on DarwinCatholic: Prices Are Increasing, But It's Not The Fed's FaultDarwinhttp://www.blogger.com/profile/08572976822786862149noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-13522238.post-33916592561798447232014-07-24T10:58:42.279-04:002014-07-24T10:58:42.279-04:00But food and gas are excluded from the Core Inflat...But food and gas are excluded from the Core Inflation numbers, and these do get mentioned in a "look, all is well" sort of way. This is probably what Jenny and I are reacting to.mandamumnoreply@blogger.comtag:blogger.com,1999:blog-13522238.post-28878022069439915172014-07-22T17:14:08.550-04:002014-07-22T17:14:08.550-04:00I agree that the forces driving up the prices of s...I agree that the forces driving up the prices of staple items are not traditionally defined inflation, but I can't help but feel that we are part of a gaslighting campaign by certain segments of the government and media to try to convince us that the cost of living has not risen in these last few years. It has and I have the old receipts to prove it!Jennyhttps://www.blogger.com/profile/12507330852895229468noreply@blogger.comtag:blogger.com,1999:blog-13522238.post-19798951082710764252014-07-22T16:47:21.375-04:002014-07-22T16:47:21.375-04:00To be clear: Things like food and medical care are...To be clear: Things like food and medical care are included in the Consumer Price Index (which is one of the standard measures of price inflation.) The reason the CPI isn't increasing as rapidly as some of the headline items is that there are a lot of other items in there as well, some of which have remained virtually static in price over the last seven years. <br /><br />Now, people can start to argue the weighting a lot there. For instance, if the price of food is going up, while the prices of clothing and entertainment are going down, you'll end up cutting the optional items out of your budget and stick with food -- which means now your budget it more centered on the things going up the most. <br /><br />But again, pricing on things like food are going up for reasons that aren't related to the Fed's attempts to keep the money supply up. And if they succeeded in restarting economic growth, it would arguably effect wages more than food and gas (since, again, those aren't primarily driven by monetary factors.)Darwinhttps://www.blogger.com/profile/08572976822786862149noreply@blogger.comtag:blogger.com,1999:blog-13522238.post-35265450181875523022014-07-22T16:30:59.775-04:002014-07-22T16:30:59.775-04:00I'm with you Jenny.
It does help, though, t...I'm with you Jenny. <br /><br />It does help, though, to understand a little of why one might leave them out (I mean, other than "they're fudging the numbers").mandamumnoreply@blogger.comtag:blogger.com,1999:blog-13522238.post-17591200461983798902014-07-22T14:42:25.082-04:002014-07-22T14:42:25.082-04:00My gripe is that the items that most heavily impac...My gripe is that the items that most heavily impact a budget are precisely the ones left out of the generally reported rates. I can't eat my iPad.Jennyhttps://www.blogger.com/profile/12507330852895229468noreply@blogger.com