Wednesday, September 16, 2009

Chart of the Day: Median CPI vs. BLS CPI

According to the Federal Reserve Bank of Cleveland, the median Consumer Price Index rose 0.1% (1.8% annualized rate) in August. The median CPI and 16% trimmed-mean CPI are measures of core inflation calculated by the Federal Reserve Bank of Cleveland based on data released in the Bureau of Labor Statistics' (BLS) monthly CPI report.

Over the last 12 months, the median CPI rose 1.8%, the 16% trimmed-mean CPI rose 1.1%, the CPI decreased 1.5%, and the CPI less food and energy rose 1.4%.

6 Comments:

At 9/16/2009 4:21 PM, Anonymous Anonymous said...

All those people bidding gold up to $1,000 are going to be selling in a hurry if this inflation boogie man fails to show up soon.

 
At 9/16/2009 8:36 PM, Anonymous Anonymous said...

What if this gold play you call a "boogie man" turns out to be a two step tango? Can't you play a bit of Chess - hedging that good money policy to avoid deflation could have significant inflation on the other side? A significant correction in this market could drive gold up even more - which is crazy to think about. Fighting deflation (timing is everything) is sort of like stretching a rubber band in the dark. You know you are stretching - but not exactly sure how much.

 
At 9/16/2009 8:37 PM, Blogger OA said...

Don't look to the CPI for why gold is up. Look at the dollar index, price of oil, price of international commodities, and change in individual exchange rates. The dollar value is slipping relative to other stuff.

 
At 9/16/2009 8:38 PM, Anonymous Anonymous said...

Interesting.

 
At 9/17/2009 3:48 AM, Anonymous Anonymous said...

Looks like Mark is beginning to make a case for stagflation, with CPI remaining positive (Cleveland) even while the economy has been losing millions of jobs........

 
At 9/17/2009 6:15 AM, Anonymous geoih said...

All you're doing is arguing about which deception you like better, but they're both deceptions. General increases in prices are just one of the bad results of inflation, not a measure of it.

Inflation is an increase in the money supply. That's something that is very easy to measure.

 

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