CRB Index, ex-Food and Energy

Monday, November 05, 2007 | 08:15 AM

Several people (Muckdog, amongst others) think there is very little "core" inflation.

Putting aside the absurdity of ignoring food and energy for a moment, lets take a long term look at price increases WITHOUT food and energy, courtesy of Investech's Jim Stack.   

Hmmmm, what do you think? Can you look at this chart and say there very little Core inflation?:


I prefer a logarithmic chart for longer time periods like this . . . but Stack's chart makes the point pretty clearly:  Since the Fed took rates down to 1%, we first reflated, and now we have price inflation.

I got your yer god-damned core right here . . .

Monday, November 05, 2007 | 08:15 AM | Permalink | Comments (35) | TrackBack (2) add to | digg digg this! | technorati add to technorati | email email this post



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» CRB Core Inflation? Hardly. from Quantitative Contemplations
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Gee, how come that index started FLYING after 1971?

Posted by: tjofpa | Nov 5, 2007 8:21:52 AM

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