US CPI down 2.1% y-o-y, largest drop since '50

Discussion in 'Economics' started by ASusilovic, Aug 14, 2009.

  1. That's pretty "in-"...ooppppsss no, "de"-flationary, or ????:confused:
     
  2. just21

    just21

    As expected.
     
  3. Explain that to the commodity traders...
     
  4. Daal

    Daal

    CPI negative, Core CPI yoy 1.5% and the trend is down. Just got to laugh of all the folks talking about exit strategies
     
  5. Looks like the housing mkt is continuing to weigh on things. OER, lodging etc are mostly to blame for lower than expected core.
     
  6. just21

    just21

    What about industrial production at 8:15am? Did cash for clunkers get the factories moving as in france and germany? I think it started too late for the July figures and misses expected .2% increase.
     
  7. Laugh indeed. Also laugh at those who are screaming for the Fed to increase rates and buy gold for fear of hyperinflation. We are nowhere near that point yet.
     
  8. EXACTLY.

    So far, no real impact there. I'm sure they'll focus on core, as it's convenient. Just like they ignored core back in the days when the headline CPI was running at 2.5% y/y.
     
  9. yep
    gas, groceries, blah blah blah, all expensive