Consumer prices rise at fastest pace in nearly two years

by Jen Thu Mar 17, 2011 10:16 am

Consumer prices rise at fastest pace in nearly two years
But underlying inflation pressures remained generally contained in February
http://www.msnbc.msn.com/id/42127482/ns/business-eye_on_the_economy/

WASHINGTON — U.S. consumer prices rose at
their fastest pace in more than 1-1/2 years in February, driven by
higher food and energy prices, a government report showed on Thursday,
but underlying inflation pressures remained generally contained.

The Labor Department said its Consumer Price Index rose 0.5 percent,
the largest gain since June 2009, after increasing 0.4 percent in
January.
Core CPI, excluding food and energy — increased 0.2 percent after advancing by the same margin in January.

by Jen Thu Mar 17, 2011 10:27 am

What a joke. They report that food and energy is going through the roof but, then try to comfort us by saying the inflation is contained because they don't count food and energy. Oh, yes that makes me feel so much better. Not!

by Jen Thu Mar 17, 2011 12:01 pm

I think this is a related article because the Federal Reserve is the cause of the food and energy inflation and it is the cause of even more millions starving in the world than there was before.

Fed Policy Squanders the Peace Dividend
http://www.huffingtonpost.com/chriss-street/fed-policy-squanders-the-_b_836491.html

The U.S. Federal Reserve's second round of Quantitative Easing
stimulus, QE II, has caused vicious unintended consequences around the
world. The 42% rise in the CRB index of food prices has already caused
starvation for millions of people, burned down the Middle East, and is
increasingly creating havoc in Asia. But QE II's most venomous
consequence may be its squandering of the United States Federal Budget's
expected "peace dividend", as America is now re-ensnared in the Middle
East sectarian turmoil.

The goal of the Fed's QE II stimulus was to create enough inflation
to force reluctant consumers to open their wallets and start spending.
The program's result has been vicious food and commodity inflation
causing consumers to be more reluctant or unable to spend on anything
but basic essentials. Given that the Middle East has the highest
percentage of income spent on food with Morocco at 63%, Algeria at 53%,
Egypt at 48%, and Libya at 38%; it should not be surprising the region
would be the first to burn down from protests.

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Consumer prices rise at fastest pace in nearly two years

Consumer prices rise at fastest pace in nearly two years

Re: Consumer prices rise at fastest pace in nearly two years

Re: Consumer prices rise at fastest pace in nearly two years

Re: Consumer prices rise at fastest pace in nearly two years