Wholesale prices (PPI) in check -unchanged in August

[papau]

Food prices down 0.6 percent and cars down 1.3 percent lead PPI to "no change" for month


http://money.cnn.com/2005/09/13/news/economy/ppi/index.htm

Wholesale prices in check
'Core' Producer Price Index unchanged in August; inflationary pressure below Street's expectations.
September 13, 2005: 9:07 AM EDT

NEW YORK (CNN/Money) - Energy costs drove wholesale prices higher in August, according to a government report issued Tuesday, but the report showed less inflationary pressure Wall Street expectations.

The Producer Price Index, which measures prices at the wholesale level, rose 0.6 percent in August, compared to a 1 percent increase in July. Economists surveyed by Briefing.com had forecast a 0.7 percent boost in August.

The so-called "core PPI," which excludes often-volatile food and energy costs, was unchanged in August, compared with a 0.4 percent gain in July. Economists had forecast the closely watched core number to be up only 0.1 percent.
<snip>

[madame defarge]

1. Let's see what September prices show...

August isn't going to tell us anything new; Katrina's impact hadn't hit yet.

[papau]

2. True - and car pricing returns to more normal dealer deals.

And food is shooting up in last few weeks.

:-(

[NorthernSun]

3. CNN Headline wrong

The headline doesn't match the story. The story puts the PPI up .6%.
That's a 7.2% annual increase rate. CNN is dreaming!

[papau]

4. True - they exclude energy/food and use "CORE" PPI = unchanged

But we know these high energy prices are going to reverse and we will be back soon to $0.79 /gal gas and $15 to $20 per barrel oil.

You have to have faith in Bush's ability to control Saudi's.

As he said in 2000 debate with Gore, he thought Gore's $28/barrel oil was much too high, so he would - and I am sure is - working on getting that Price down.

:popcorn:

[NorthernSun]

5. CNN headline changed

I see they changed the headline. Interesting that the reporter has no name.

[KAZ]

13. Changed? Changed to what?

Not sure what you're seeing but it's still "Wholesale prices in check".

[Roland99]

6. Something smells like raw sewage here...

I remember not too long ago that the price of gas going up was causing increases in shipping costs and those were being passed on to consumers.

I'm talking about 4-5 years ago.

Now, gas prices have DOUBLED from that range and inflation is in check? Either someone's losing money or we're not being told the whole truth.

[Zeebo]

7. You can trust these numbers as much as you can trust BushCo.

After they changed the calculation methodology for both the PPI and the CPI, these indices have been grossly under inflated. If we were using the old method, inflation would be around 6-8% annually, not this unreal 2-3%. Our gov't would never be able to handle the true inflation numbers due to the inflation indexed social security payments. This is some scary stuff because it highlights how precarious our situation actually is. All I have to do is look at my grocery and gas bill to know what the real inflation rate is: Freaking High!!!

[nolabels]

8. And getting higher

Paid liars, the people pay wages to others who call themselves government, who are just paid liars and nothing more :puke:

Sorry, but couldn't hold it, I had to vent :puke:

[papau]

9. Is there a comparison calc on the net? The "rent" rules missed the

high cost due to higher prices -but what other rule changes - and their impact - were made?

[Zeebo]

11. Here are some links I found awhile back researching this...

http://www.financialsense.com/stormwatch/2005/0624.html

http://www.businessweek.com/bwdaily/dnflash/oct2004/nf20041012_5021_db035.htm

http://www.theleftcoaster.com/archives/004721.php

http://www.isil.org/towards-liberty/inflation-gov-lies.html

I'm still trying to find out, even with all the false information being put forth by the government to keep the economy moving forward, what will be the final "straw that breaks the camels back" and put the economy in a free fall.

[papau]

12. Thanks - I will check them out! :-)

:-)

[Stinky The Clown]

10. How convenient to release last month's numbers at a time when

our idiot son is in the shitter. No one will notice this as LAST months.

Hey sheeple ..... was your gas cheaper?