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U.S. Inflation at 44-Year Low as Retail Prices Fall

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alp227 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-19-10 12:42 PM
Original message
U.S. Inflation at 44-Year Low as Retail Prices Fall
Source: The New York Times

Consumer prices fell in April for the first time since early last year, and inflation rose at its slowest rate since the 1960s, a new government report said.

Consumer prices over all fell in April by 0.1 percent, the Labor Department said in its monthly report Wednesday. The decline was the first since March 2009. Prices rose by 0.1 percent in March 2010.

The downturn was pressured by a decline in energy prices, especially for gasoline and natural gas, the report said. Energy prices fell by 1.4 percent in April, the department said.

Food prices rose 0.2 percent, mostly because of higher costs for meat, poultry, fish and eggs.

Read more: http://www.nytimes.com/2010/05/20/business/economy/20econ.html
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Donnachaidh Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-19-10 12:46 PM
Response to Original message
1. what decline in energy prices?
It AIN'T at the pumps. :shrug:
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saigon68 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-19-10 12:55 PM
Response to Reply #1
4. Health Insurance----- + 20 %
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mbperrin Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-19-10 02:23 PM
Response to Reply #4
19. Our copay on prescriptions $5 to $37
The two of us use 11 maintenance meds, so $55/month goes to $407/month.

Yes, and premiums went up 11%.
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maxsolomon Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-19-10 12:56 PM
Response to Reply #1
5. Gas is up Fitty Cent in Seattle
over the last 6 months. who are they trying to fool?
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Lagomorph Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-19-10 02:27 PM
Response to Reply #5
22. I just don't believe the numbers.
I'm near Seattle and nothing, but nothing has gotten cheaper. Gas prices are climbing like a space shuttle.

I've converted to CFC & led lights and use far fewer kwh, but my power bill in the summer (without A/C) is higher than it used to be in the winter (with heat).
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Dr.Phool Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-19-10 01:57 PM
Response to Reply #1
12. Electric bill up 40%! And they want another hike!
And the bought off Florida legislature will let them have it.
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Dappleganger Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-19-10 02:02 PM
Response to Reply #12
14. We are really shocked...
over the past three years our electric/water/sewer with JEA has gone up at least that much, and they just announced that they'll be hiking it up again very soon. It's really killing us. Our utilities bill will equal our mortgage payment before too long!
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Yavapai Donating Member (554 posts) Send PM | Profile | Ignore Wed May-19-10 02:07 PM
Response to Reply #14
15. What do you mean?
Energy prices are so low that BP is giving oil away now...
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Dr.Phool Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-19-10 02:45 PM
Response to Reply #14
24. On top of that State Farm homeowners extortion jumped 47%.
And I can't get rid of them because they're the cheapest around!
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Dappleganger Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-19-10 07:00 PM
Response to Reply #24
26. Damn, we have them too!
We're fucked both ways. :(
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n2doc Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-19-10 12:46 PM
Response to Original message
2. too bad insurance, gas, electricity, etc. aren't following that pattern. n/t
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ixion Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-19-10 12:51 PM
Response to Original message
3. *sigh*
Yeah, it all looks rosy when you're cookin' the books. :eyes:
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Donnachaidh Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-19-10 12:57 PM
Response to Original message
6. Ahhhh -- the sweet SWEET smell of ass-stats.
Now the question is WHO has the thankless job and what do they look like in those rose-colored glasses?
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CountAllVotes Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-19-10 12:57 PM
Response to Original message
7. yeah right
gasoline went up here recently to $3.39 a gallon. Onions at the store were $2.99 a lb. What great deals huh?

Everything else has gone up. Garbage bill is now over $50.00 a month (used to be just over $30.00).

What a crock!

:kick:
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Autumn Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-19-10 12:58 PM
Response to Original message
8.  "decline in energy prices, especially for gasoline ",
another case of "our" government lying their asses off.
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TheWatcher Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-19-10 01:26 PM
Response to Original message
9. Just another day of Lies in the United States Of Orwell.
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thelordofhell Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-19-10 01:44 PM
Response to Original message
10. I see the DDU is out in force on this one
http://www.youtube.com/watch?v=IJ_R-G_i4Xk
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Dr.Phool Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-19-10 01:59 PM
Response to Reply #10
13. Welcome to life in the real world.
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Donnachaidh Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-19-10 02:22 PM
Response to Reply #10
18. blow your susie sunshine comments out your nether region
Edited on Wed May-19-10 02:22 PM by Donnachaidh
Some of us live in the REAL world.

STFU and STFD.
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No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-19-10 04:33 PM
Response to Reply #18
25. I've heard bottling up your emotions can cause an ulcer. For the love of heaven, stop holding back!
Say how you really feel.
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Donnachaidh Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-19-10 02:23 PM
Response to Reply #10
20. AZ?
:rofl: :rofl:
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conspirator Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-19-10 01:53 PM
Response to Original message
11. Power of purchase has been decreasing and will continue to decrease
Edited on Wed May-19-10 01:54 PM by conspirator
This is irrelevant or fake propaganda.
If products are cheaper maybe it's because they are coming from china.
But the quality is not the same.
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jus_the_facts Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-19-10 02:07 PM
Response to Original message
16. William Randolf Hearst News ....all over again!!
Edited on Wed May-19-10 02:08 PM by jus_the_facts
:nopity:
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taught_me_patience Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-19-10 02:17 PM
Response to Original message
17. Ahhh.... the old "food prices don't count" bullshit
I also haven't seen much of a decline in energy prices.
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mbperrin Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-19-10 02:27 PM
Response to Reply #17
21. Our electric was 14 cents per kwh last year, 20 cents this year.
Gasoline last year at this time: $2.58; now $2.89
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fatbuckel Donating Member (518 posts) Send PM | Profile | Ignore Wed May-19-10 02:36 PM
Response to Original message
23. When you de-regulate everything all that means is more profit margin
for companies when energy prices fall.They don`t need to charge that much,they just do. No incentive to lower costs. No one to stop them.BTW,gas prices fell here(NE Ohio)
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