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Omaha Steve

(99,488 posts) Wed Dec 17, 2014, 10:28 AM Dec 2014

US consumer prices fell 0.3 percent in November

Source: AP-Excite

By JOSH BOAK

WASHINGTON (AP) — Plunging gasoline costs pulled U.S. consumer prices lower in November, muting inflation across the entire economy.

The Labor Department said Wednesday the inflation reading fell a seasonally-adjusted 0.3 percent last month, after prices were flat in October. Gas costs plummeted 10.5 percent in November, the steepest decline in nearly six years.

"If you're looking for signs of inflation, you will have to look elsewhere," said Jennifer Lee, an economist at BMO Capital Markets.

Core inflation, which excludes volatile energy and food prices, rose 0.1 percent in November. For the past 12 months, overall inflation has risen 1.3 percent while core inflation has increased 1.7 percent.

FULL story at link.

FILE - In this Nov. 28, 2014 file photo, a shopper enters clothing store Naartjie, inside the Flatirons Crossing Mall, in Broomfield, Colo. The Labor Department reports on November consumer prices on Wednesday, Dec. 17, 2014. (AP Photo/Brennan Linsley, File)

Read more: http://apnews.excite.com/article/20141217/us-consumer-prices-060395a633.html

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US consumer prices fell 0.3 percent in November (Original Post) Omaha Steve Dec 2014 OP

But what about the poor oil companies, what about the corporste media theme of a collapse of Fred Sanders Dec 2014 #1

+1000. Always get tired of the 1% and their toadies lecturing struggling families closeupready Dec 2014 #2

Fred Sanders

(23,946 posts)

1. But what about the poor oil companies, what about the corporste media theme of a collapse of

Reply to Omaha Steve (Original post)

Wed Dec 17, 2014, 12:25 PM

Dec 2014

the economy because of a recession in the energy sector that contributes a massive 2% to the GDP?

Big Oil and Big Media are angry that common folk are saving the money on transportation that rightfully belongs to them.

This is like a pay raise for all Americans.

Thanks, Obama.....

Lower oil prices resonate throughout the economy, it is a good thing, always has been, the current propaganda is not only massively wrong, it is silly, folks can see through this one I think.

What next, a demand for lower air fare from the folks?

closeupready

(29,503 posts)

2. +1000. Always get tired of the 1% and their toadies lecturing struggling families

Reply to Fred Sanders (Reply #1)

Wed Dec 17, 2014, 12:39 PM

Dec 2014

that it's bad news when prices (you know, for gas or food, i.e., luxury products, lol) go down.

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