Thanks for the very interesting graph. From looking at all the categories that are above the average inflation, the message is to cut back on travel and hey, presto changeO, almost (furniture still elevated by timber squeeze?) no more rampaging inflation.
Hmmm…
David fb
I wonder if there is any sector showing deflation.
Thanks for the very interesting graph. From looking at all the categories that are above the average inflation, the message is to cut back on travel and hey, presto change-o, almost (furniture still elevated by timber squeeze?) no more rampaging inflation.
Define ‘rampaging’.
Aside from travel – which a lot of people have to do anyway (and when your old car has to be replaced) – I suspect the most pain is being felt in the grocery store. At a 7.4% increase (the highest anybody under 50 has memory of) that is making a big impression, particularly for modest and low income families.
DB2
I wonder if there is any sector showing deflation.
Year-over-year, no.
There were a few categories that fell some from December:
- Lodging away from home
- Wireless service
- Nat gas service
- Gasoline
New vehicles were unchanged.
www.bls.gov/news.release/cpi.nr0.htm
DB2
Not a huge number of data points, but my personal experience on “Food at Restaurants” is much higher than average
El Pollo Loco (SoCal Mexican chain) - probably 15-25%
Local Indian restaurant - probably 10-15%