January 16, 2013
AND IT'S UNIVERSALLY ACKNOWLEDGED THAT OFFICIAL MEASURES OVERSTATE IT:
No, inflation still isn't a problem (Jim Tankersley, January 16, 2013, Washington Post)
Know what's not a problem? Inflation.The Labor Department reported Wednesday morning that consumer prices were unchanged in December. So-called "core" prices - the better measure to watch, because they exclude volatile food and energy prices - rose by 0.1 percent. From December 2011 to December 2012, core prices rose by 1.9 percent.
Which makes demands for wage growth inane.
Posted by Orrin Judd at January 16, 2013 10:55 AM