[mEDITate-OR:
refuse to believe that this all about the cost of oil...
While this might seem like very good news, it might not be.
Clearly, the drop in crude oil prices has caused this drop in CPI.
However, the price YOU pay at the pump has not dropped as much as crude has, so you didn't get the benefits of this CPI decline.
In addition since the price of rental apartments is dropping they think that the cost of "housing" has also dropped. True, if you have lost your job, and been forced out of your home, and now live in a much cheaper apartment, you will SEE this change. However, if you live in the same house, you will get none of the benefits.
And, IF you have been to your local grocery store you will have seen the price of almost everything - except a gallon of milk - has gone up.
So, what has this to do with you..., probably nothing.
Except that you should take note of the fact that college tuition AND medical care cost are exploding even faster than they were, and much faster than inflation.
--------
U.S. Inflation at 44-Year Low as Retail Prices Fall
Inflation Rose in April at Lowest Rate Since the ’60s
---------
U.S. Economy: Consumer Prices Unexpectedly Decreased
----------
Little Change in Core Inflation Picture; CPI down 0.1 Percent in April
Tuition, fees, and child-care prices have seen a 1.7 percent increase in the last three months -
a 7.0 percent annualized rate of growth.
Tuition prices have averaged 5.9 percent annual inflation over the last ten years -
more than twice as fast as the 2.4 percent inflation overall.
--------
=========
No comments:
Post a Comment