Wednesday, May 14, 2008

Inflation Falls 4 Months in a Row, April Inflation of 3.9% is Lowest Rate in 6 Months, Since Oct. 2007


WASHINGTON -- U.S. consumer prices were under wraps last month, a government report showed, especially when food and energy prices were stripped out, further evidence that the economic slowdown is easing some of the inflationary effect of recent sharp gains in food and energy prices.

Consumer prices rose 3.9% on a year-over-year basis, down slightly from the prior month (see chart above). The core CPI grew a more modest 2.3% compared to April 2007. Over the past three months, core inflation rose at only a 1.2% annual rate.

MP: CPI inflation at an annual rate has fallen in each of the last four months, and is at the lowest rate in six months (since October 2007).

5 Comments:

At 5/14/2008 10:43 AM, Anonymous Anonymous said...

These numbers are absurd... George Orwell could have used these numbers to show how the government manipulates mindsets.

I'm in awe at these ridiculous figures ... sad ... speechless ... defeated.

 
At 5/14/2008 11:11 AM, Blogger Jack McHugh said...

Even if the number is correct, 3.9 percent inflation stinks.

For a long time CPI was said to overstate inflation. It's hard not to conclude that it's understating inflation now.

Appreciate the trend, though - goin' down's better than goin' up.

 
At 5/14/2008 11:59 AM, Blogger Jack Miller said...

The numbers are awesome! They show the power of lower costs coming as a result of substituting low cost technologies for wasteful activity.

The numbers also show that the economic slowdown is over as inflation rates normally peak well before the start of the economic rebound.

 
At 5/14/2008 1:08 PM, Anonymous Anonymous said...

Democrats will be hardest hit.....

 
At 5/14/2008 9:49 PM, Anonymous cgar said...

I am glad you mention leaving food and energy out as I do not eat or own a car or heat my house or......

 

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