| WIKI | FAQ | Tech FAQ | |
 http://csua.com/feed/ | |
| ||||||
| 11/22 |
| 2009/1/21-26 [Science/GlobalWarming] UID:52428 Activity:nil |
1/21 Since July, the CPI has dropped 4.4%
\_ That's like getting a 4.4% raise!
\_ How much of that is pure fuel price?
\_ Fuel isn't part of CPI
\_ Fuel isn't part of CPI -op
\_ I am pretty sure the stat he is quoting includes fuel.
In fact, almost all of that slide is in fuel prices.
\_ It's not just fuel (though I stand corrected, it does
include fuel):
"Wholesale prices fall for 5th straight month"
http://tinyurl.com/7a8za3 [cnn.com]
-op
\_ Wholesale prices are not directly related to CPI.
http://tinyurl.com/cwss7d
"The core CPI, without volatile food and energy
prices, was unchanged from the prior month, the
government said."
\_ Biggest slide since Nov 1932 - Apr 1933 |
| 11/22 |
|
| tinyurl.com/7a8za3 -> money.cnn.com/2009/01/15/news/economy/producer_prices/?postversion=2009011510 Edit Alerts SPECIAL REPORT Wholesale prices fall for 5th straight month Government report shows producer prices declined 19% in December, with tumbling energy prices dragging down the overall reading. com) -- Wholesale prices fell in December for the fifth month in a row, according to a key government inflation report released Thursday. The Producer Price Index (PPI) for finished goods fell 19% last month, according to the Labor Department. The drop in wholesale prices slowed slightly because energy prices didn't fall as fast. Meanwhile, prices for consumer foods fell 15% after holding steady in November. One analyst said that the government report on wholesale prices was more about the dramatic change in energy prices than it was reflective of the change in prices overall. "We should begin to see energy and commodity prices in general find some kind of stabilization," said Anika Khan, economist with Wachovia. "It is energy prices in general that is pulling down overall or headline PPI," she said. Prices for wholesale goods fell through the various production stages. For those producers of intermediate goods, prices fell 42% in December after declining 43% in November. The so-called core PPI, which strips out volatile food and energy prices, jumped 02% after a more modest 01% rise in the prior month. On a year-over-year basis, the price of finished goods eased 09%. The key factor in the annual turnaround was energy prices. In July, the annual rate of increase in the PPI surged to 99% as crude oil prices hit their record highs. Over the summer, analysts were concerned about inflation. With the PPI showing its first month with a year-over-year decrease in prices in five years, however, analysts were no longer worried about inflation, but had started to worry about deflation. A drop in prices signals a drop in demand and may inhibit businesses and consumers from ramping up their spending. The Consumer Price Index, which measures retail prices, is expected to have fallen by 1% in December. symbol lookup More Galleries Americans talk back to President Barack Obama about how they believe he will affect their lives and wallets, and their solutions for the country's economic crisis. Job cuts on Main Street Small companies account for more than 40% of the nation's payroll - and as the economy worsens, their staffing cuts reverberate through local communities. Business Leader Council Live Quotes automatically refresh, but individual equities are delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. |
| tinyurl.com/cwss7d -> money.cnn.com/2009/01/16/news/economy/CPI/ com) -- Consumer prices fell in December for the third straight month, with plunging energy costs contributing to the drop, the government said Friday. The Consumer Price Index, a measure of inflation, declined a seasonally adjusted 07% from the prior month, the Labor Department said. The CPI edged up 01% for the full year of 2008, the slightest annual increase since 1954. The core CPI, without volatile food and energy prices, was unchanged from the prior month, the government said. plunge of 17% in November, which exceeded all other monthly declines since the government began tracking them in 1947. The December decline was driven by plunging energy prices, which fell 83%, the government said. symbol lookup More Galleries Americans talk back to President Barack Obama about how they believe he will affect their lives and wallets, and their solutions for the country's economic crisis. Job cuts on Main Street Small companies account for more than 40% of the nation's payroll - and as the economy worsens, their staffing cuts reverberate through local communities. Business Leader Council Live Quotes automatically refresh, but individual equities are delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. |
| cnn.com -> www.cnn.com/ About 250 prisoners freed from Abu Ghraib The United States today freed about 250 detainees from Abu Ghraib prison, site of alleged abuses that prompted global outrage and led to days of hearings on Capitol Hill. Today marks the first mass prisoner release since the abuse scandal broke several weeks ago. Defense Secretary Donald Rumsfeld had visited the prison Thursday. |