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 at January 16, 2013 10:55 AM
  
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