Right out of horse's mouth. http://www.bls.gov/news.release/cpi.nr0.htm This is up to Sep. We have 2 rate cut since there. Just don't drive and don't eat and you will be ok for a while. Code: Percentage change 12 months SAAR 9 ended in December mos. ended in Sep. 2000 2001 2002 2003 2004 2005 2006 2007 All items 3.4 1.6 2.4 1.9 3.3 3.4 2.5 3.6 Food and beverages 2.8 2.8 1.5 3.5 2.6 2.3 2.2 [color=red]5.7[/color] Housing 4.3 2.9 2.4 2.2 3.0 4.0 3.3 2.7 Apparel -1.8 -3.2 -1.8 -2.1 -.2 -1.1 .9 -1.7 Transportation 4.1 -3.8 3.8 .3 6.5 4.8 1.6 [color=red]6.0[/color] Medical care 4.2 4.7 5.0 3.7 4.2 4.3 3.6 5.1 Recreation 1.7 1.5 1.1 1.1 .7 1.1 1.0 .5 Education and communication 1.3 3.2 2.2 1.6 1.5 2.4 2.3 3.0 Other goods and services 4.2 4.5 3.3 1.5 2.5 3.1 3.0 3.4 Special indexes Energy 14.2 -13.0 10.7 6.9 16.6 17.1 2.9 [color=red]11.7[/color] Energy commodities 15.7 -24.5 23.7 6.9 26.7 16.7 6.1 [color=red]20.6[/color] Energy services 12.7 -1.5 .4 6.9 6.8 17.6 -.6 1.3 All items less energy 2.6 2.8 1.8 1.5 2.2 2.2 2.5 2.8 Food 2.8 2.8 1.5 3.6 2.7 2.3 2.1 5.7 All items less food and energy 2.6 2.7 1.9 1.1 2.2 2.2 2.6 2.3
That housing number is a fucking joke. California is half the economy and housing costs have gone up 100% in 2 years. Who's ass did they pull those figures from???? They are obviously not weighted.
Here is the weigth (%) of each catagory 1st column 2005 and 2nd column is 2006. So, housing is 40% of the index. There are more than rent and mortgage in the housing index though. Code: All items............................................ 100.000 100.000 Food and beverages.................................. 14.992 16.475 Housing............................................. 42.691 40.463 Apparel............................................. 3.726 4.041 Transportation...................................... 17.249 19.515 Medical care........................................ 6.281 5.228 Recreation.......................................... 5.552 5.022 Education and communication......................... 6.034 5.605 Other goods and services............................ 3.476 3.652 === Special index Energy.............................................. 8.715 10.282 Utilities and public transportation................. 9.356 10.051
Im talking about a state by state, or population by population weighting. If 100,000 people live in bum fuck nowhere State USA, and homes prices drop 10% a year there, and half the population lives in california, and homes go up 100% every 2 years, does it make absolutely any sense at all to average the two??? The nationwide home price number doesnt mean jack shit when the population is not distributed evenly nationwide. Run the CPI against california only, and what do you think the home # is going to look like??? It will show insane inflation.
It's interesting to note the "buzz" on ET about Ron Paul. Unfortunately he will never be elected because he fails in 2 key electoral criterias. 1) The average guy voter wouldn't want to have a beer with him and 2) he isn't "cute" enough for the average woman voter. That's a double whammy no candidate can overcome.
Christ, just looked at california cpi's and its full of shit too. I guess homes prices havent budged more than a few percent a year in california *pukes*
Here is a break down of housing. If you are spending $3000 per month, you energy cost for your house is $3000*5.779%=$173 per month. Hrm... certainly not winter. Summer, maybe. ftp://ftp.bls.gov/pub/special.requests/cpi/cpiri2006.txt Code: Housing............................................. 42.691 40.463 Shelter............................................ 32.776 30.570 Fuels and utilities................................ 5.264 5.779 Fuel oil........................................ .231 .227 Propane, kerosene, and firewood................. .107 .119 Gas (piped) and electricity...................... 4.029 4.496 Electricity..................................... 2.750 3.099 Utility (piped) gas service..................... 1.280 1.397 Water and sewer and trash collection services.... .897 .937 Water and sewerage maintenance.................. .669 .711 Garbage and trash collection.................... .228 .226 Household furnishings and operations............... 4.651 4.114
HAAH!!! Ron it the nail right on the head. When money is apparently cheap people borrow more, then bubbles, bubbles, more economic troubles. :eek: