Yarns, Mysteries, and the CPI
by MN Gordon
No CPI Change
Several ill-defined economic waypoints were unveiled this week. Namely, the Labor Department’s July consumer price index report. According to the government data, on whole, consumer prices for the month didn’t change one iota.
Reportedly, energy prices went down, food prices were unchanged, and all other items slightly increased. So when the official number crunchers tallied them all up, the subtractions washed out with the additions. Thus, the reported CPI came in at exactly 0.0 percent.
This number is strictly (Read More....)
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