CPI

A look at the CPI and its components…

Inflation in Canada hits a 2-year high…

The Bank of England released their latest quarterly inflation report this week that again sought to revise the forecast for UK inflation to converge towards 2% in 2 years time. However one major change accompanying the forecast was that the mantra of UK inflation being above the 2% target and the 3% upper limit as … Continue reading

Source: http://timiacono.com/index.php/2010/07/16/one-step-closer-to-de-flation/#more-6331 The Labor Department reported that consumer prices fell 0.1 percent in June, down for the third straight month, paced by further declines in energy prices. On a year-over-year basis, the government’s measure of annual inflation fell from 2.0 percent in May to just 1.1 percent in June, the lowest level since last October … Continue reading

Another month and another release of UK inflation data at far above the Bank of England’s target of 2% and above the upper limit of the Banks 1% to 3% range by reporting CPI of +3.4% for May. Thus the BoE Governor, Mervyn King will write another letter to repeat that the high rate of … Continue reading

Greece, Europe’s Achilles Heel continues to implode under its budget deficit and total debt burden sending a series of strengthening shock waves across Europe’s credit and financial markets…..

Inflation-Adjusted Wages Fell 1.6% in 2009

Ron Greiss of the Chart Store produces great graphics. In FSO’s wrapup piece, Greiss looks at various measures of inflation. Go here to see it: http://www.financialsense.com/Market/griess/2009/1229.html

In relative terms, Gold is still quite undervalued compared to the 1980 peak.