try to keep up. that was the original statement. it’s false. ““sharp contrast with declining prices over the last few months” sinks it.

Posted by: vampire mitt | October 13, 2012, 12:02 pm 12:02 pm

What’s your point? That statement means things are WORSE now than they were. That’s a BAD thing.

Did you miss “consistent with a compounded annual inflation rate of 23.5 percent”? RC made a fool of you.

Why did you leave out the part about the “sharp contrast with declining prices over the last few months” ???

If you were right you wouldn’t have to cherry pick and edit the statements……..LOL!

From the American Institute for Economic Research, a not-for-profit research group:

The AIER Everyday Price Index (EPI), which measures the prices of goods and services that Americans purchase frequently, rose 1.8 percent in August (before seasonal adjustments).

“The 1.8 percent increase in everyday prices in August is consistent with a compounded annual inflation rate of 23.5 percent,” says Steven Cunningham, director of research and education at the American Institute for Economic Research, which developed the proprietary measure of the day-to-day experience of inflation. “While it is unlikely that everyday prices will trend this high over the next few months, this is not good news to households.”

The AIER EPI is based on the Consumer Price Index, the official measure of prices reported by the U.S. Bureau of Labor Statistics. The EPI includes only the items most consumers purchase on a regular basis, such as food, utilities and motor fuel. So far this year, everyday prices have increased 4.2 percent, three times the 1.4 percent increase in the seasonally adjusted CPI over the same period.

The most important factor in August’s every day price surge was motor fuel prices. On a seasonally adjusted basis, it rose 9.0 percent in a single month. The EPI does not look at seasonal adjustments. Rather it focuses on out-of-pocket expenses that people pay in real life. Because of this, its numbers differ from the CPI. According to our index, which does not seasonally adjust, motor fuel rose 7.2 percent during the month, or 12.5 percent year-to-date.

Posted by: vampire mitt | October 13, 2012, 5:19 am 5:19 am

Mere opinion…nothing more.

Posted by: vampire mitt | October 13, 2012, 5:02 am 5:02 am

Yeah, it’s always a sign of high intelligence when you blindly believe bogus government data rather than the evidence of your own eyes and bank account. LOL!

-note the small but very important part about buying US goods and supplies.