Enjoy it while it lasts

[uscitizen]

Inflation Rate Is Mildest in 6 Months

Friday March 14, 1:50 PM EDT

WASHINGTON (AP) — Consumer inflation, after pushing relentlessly higher, posted its mildest reading in six months in February thanks to energy and food costs moderating. The relief, however, was expected to be short-lived, given that energy prices have resumed their upward climb.

The Labor Department reported Friday that consumer prices were unchanged last month, a better performance than the expected 0.3 percent gain.

Core inflation, which excludes energy and food, also held steady in February after a worrisome 0.3 percent jump in January.

The better-than-expected February inflation reading probably will be reversed in the coming months because of the recent spike in energy prices. Crude oil hit a record high this week above $110 per barrel and gasoline pump prices jumped to a national record of $3.28.

http://finance.myway.com/jsp/nw/nwdt_rt.jsp?section=news&feed=ap&src=601&news_id=ap-d8vdbmu80&date=20080314

 

[Topspin]

flat for a month, wait stop the presses the skyfalling will have to pause for another month.
Inflation is coming, its the price the fed has to pay for greasing the jammed up banking gears. Smart people are buying commodities.

 

[Kamala Trump]

flat for a month, wait stop the presses the skyfalling will have to pause for another month.
Inflation is coming, its the price the fed has to pay for greasing the jammed up banking gears. Smart people are buying commodities.

ANd what are you doing?

 

[uscitizen]

Is a bit late for the nice commodity buying. They went up 15% so far this year, and will slow down for a bit.
Smart people bought last fall.
but anyway the commodity rises are just now beginning to filter down to consumers.
Flour to make bread is up about 200% over 1 yr ago.

 

[Cancel 2016.2]

Is a bit late for the nice commodity buying. They went up 15% so far this year, and will slow down for a bit.
Smart people bought last fall.
but anyway the commodity rises are just now beginning to filter down to consumers.
Flour to make bread is up about 200% over 1 yr ago.

I don't know about it slowing down... especially if the Fed cuts rates hard next week.

 

[uscitizen]

The AG people seem to think it will lull a bit. Kinda depends on how the winter wheat and south american soy does though. those are the next expected impacts one way or the other.