food

Food, Rent, and Energy Prices are Totally Outside the Fed’s Control

by Mish Shedlock, Mish Talk: Let’s discuss food prices and other factors totally outside the Fed’s control. On Wednesday the BLS released CPI data. For overall details, please see CPI Year-Over-Year Drops a Bit, But Is it Believable? This post is a closer look at food prices. Year-Over-Year Seven Categories  Cereals and Bakery: 10.3% TRUTH LIVES […]

Inflation in Services, Housing, Food, New Vehicles Goes WHOOSH as Dollar’s Purchasing Power Goes to Heck

by Wolf Richter, Wolf Street: Used vehicle prices continue to back off from ridiculous spike. But drop in gasoline prices was “transitory,” as we’re now learning at the pump. The headline measure of the drop in purchasing power of the dollar, the Consumer Price Index (CPI), released today, confirmed that inflation is spreading deeper into […]