Thursday, February 17, 2011

Consumer Prices - CPI

Today's CPI release shows inflation hitting the non-discretionary items like food and not the discretionary items like motor vehicles.

Look at the increases in "Food at Home," groceries.   January saw a month over month increase of .5% versus an average month over month increase the prior six months of .1%.  Here's a quote from the report.

"The index for food at home posted its largest increase in over two years with all six major grocery store food group indexes rising."

"All items"  continues trending higher as well, registering a .4% increase (MoM) in January as in December.

Lastly, motor vehicles continue to have no pricing power as prices continue to deteriorate.


No comments:

Post a Comment