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Mar 7, 2013 6:11PM
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Consumer Price Index is ridiculous. They don't include gas or groceries in inflation. If they did, they'd understand why the 99% of us are broke. My paycheck has seen a 1/4% increase in the past 6 years. Cost of living, especially gas and groceries have seen at least a 75%, if not more, increase. I used to be able to leave the grocery store for about $60/week, now it's over $140. It used to cost me $3/day to get to work, now it's $14 (and my car gets 33-37 mpg). So, if our wonderful government would take into consideration what it actually costs to eat and get to work, they might have an understanding of why we can't make ends meet. Unlike our House, Senate, Congress, and all Federal Employees, we don't receive a yearly COLA on our paychecks. If they had to live like we do, had to depend on Social Security and Medicare for their futures, you can be assured things would be fixed immediately.
Feb 27, 2013 12:18PM
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Hey "dipwad msn"! The "CPI" are numbers that are "shafted and drafted then got loose on the juice". Everyone knows 2 to 3 percent is pure de "crapola". The lying government jacks these numbers so they don't have to give true SS cost of living raises. Now they're going to an even more deceitful formula. The true rate of inflation is between 8 and 40 percent depending on what market your'e in, which is "nooooothing" compared to what's about to happen. You and Bernake should try the Austian school next time. They're the ones that have been right for the last 2000 years.
Mar 7, 2013 6:07PM
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So basically the only thing to come down in price is consumer electronics, movie rentals... and natural gas. Big freakin' deal! They want us all to be distracted with our cell phones and everything else so they can financially rape us! Gas is getting to be rediculous, not to mention other important things like food, and water. We need to wake up and say "Enough!"
Mar 7, 2013 6:30PM
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So I'll be broke and starving, but at least I'll have my nice, 60 inch Samsung T.V!

Feb 27, 2013 2:43AM
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Keep in mind some of these items were once made in the U.S.A..Now,none of them are,but in countries paying workers slave wages.As for gold prices,you forgot to mention that the dollar's value has taken a nose dive,because we print too much worthless money. Oil prices are manipulated. I back that statement this way. Petroleum products are now the U.S. NO.1 export to date. Yes,that is correct! Those tankers don't go back across the ocean empty when they come from Saudi.MSN has an agenda to keep with the rest of the politicos and rich corporations. That agenda is to keep you uninformed and feed you politically amended BS! Eat it and stay misinformed Mr.and Mrs. American public.The Keystone Pipeline is the next line of BS the oil companies and press will push. It only stands to increase oil exports. That's a crying,lieing shame they pull on everyone that will bite. Everything isn't nearly as rosey as they want us to believe.
Mar 7, 2013 5:59PM
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I don't know about others but my cost of living has gone way up in the last 4-5 years. I have a chronic disorder and my insurance premiums have gone up by 50%, co-pays for doctor visits up 100 % and co-pays for medical procedures like MRI, cat scans etc. up over 300%. 3 years ago and MRI co-pay was 79.00. Last month my co- pay for the same MRI cost me $390.00. I won't even go into prescription cost increases. Thank god for Obama's Affordable Health Care program... hahaha
Feb 27, 2013 2:50AM
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Inflation is swallowing the American dream. If you think you can retire,then think about this. At the present rates of inflation,you will need 20 times the amount to live in 30 years as now.Not even possible to achieve,and they want us to believe a much lower figure. Obamacare hasn't entered the equation yet. That is a real inflation driver,along with QE by the FED. We will be lucky to have a paper economy in five years at the present rates of borrowed spending.Paper is quickly losing it's luster!
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US inflation is extremely low by historical standards? Questionable!!!
Mar 7, 2013 5:33PM
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You want to know why coffee went up so much?  Because even broke unemployed citizens start their day with a cup of joe.
Mar 7, 2013 6:59PM
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Yep, "policymakers seem to have the problem of rising prices largely under control"......it's called cooking the books. I don't know about you but the price of food is NOT going down and it's not increasing by only 2%. I don't know where the writers of this article are shopping but it's not here in the U.S. Maybe they shop in North Korea or Cuba, where food is price fixed, rationed and subsidized.

Mar 7, 2013 6:49PM
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Interesting enough that the first several products are heavily influenced by the first one - gas. When it costs more to transport food and goods, this will cause the price to increase. It is also sad to see that the oil companies continue to make tens of billions in profits each quarter while our income has stayed stagnant over the years. Price of gas stays high, most suffer, except a select few.
Mar 7, 2013 8:15PM
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Washington DC should be the next Alcatraz and everyone in office should have their own cell.....It's that or a!

Revolution

 

 

 

 

 

 

 

 

 

 

Mar 7, 2013 7:06PM
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The stupid CPI uses a "broadly measured basket of goods". What a bunch a government craaaaap. Here are things that the average person spends most of their money on and their increase over the past 10 years. Beef +125, Wheat +160, Corn +233, Rice +197, Gas +131. How many people that are barely getting by (which is the majority of the country) are going to be buying a new TV, cellphone, or computer?
Mar 7, 2013 8:10PM
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What about healthcare - medical/ dental charges, prescription costs?  Higher than anything else on this list!   Plus the fact that most working people have high health insurance costs also.    As a single baby boomer I'm struggling to pay these bills.    They are taking a dent out of my retirement funds.  Doctors are asking patients to take many more expensive preventative tests and procedures now.   They scare you into thinking you have some terrible desease, and the majority of the time there is nothing wrong!

 

 

 

 

Mar 7, 2013 6:49PM
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Let see about this list and why some went up and other went down. Gasoline, well that is a no brainer why that went up. Everybody needs gas, supply and demand. Gold, well  another no-brainer for demand because everybody wants gold. Coffee, well another no-brainer. Everyone I know drinks coffee. Razor blades, well everyone I know shaves, except for me, but it might have something to do with metal supply.

Now lets look at the thing that went down it, Cell Phones, TVs. and computer are all older technology that has matured. It also helps that most of these products are made in China where labor is so cheap, but if you look at newer advance in the same technology it isn't really like 3D TV, or SSD hard drives in laptops.

This article is so wrong because everything has gone up by a percentage, or the package has gotten smaller, so inflation is still alive and doing quite well.

Mar 7, 2013 7:09PM
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Hey Bill!  Another MSN NBC financial wonder!!  Inflation does not reflect the individual costs of consumer goods.  Inflation does not cause prices to rise, prices rise in response to inflation.  If your logic were real, which it is not, prices would rise and fall across the board each year as a result of inflation.  But they do not.  Inflation occurrs when there is more or less money in the economy, and is usually a result of the government tinkering around without concern for the effects of their actions on the general economy.  If one item jumps 400%, another only 4%, and yeat another falls by 10%.... it aint due to inflation, and no one is "bucking" the trend.  Go to school for crying out loud.
Mar 7, 2013 9:11PM
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I also find the figures you are using as very questionable.  As a small business in auto repair and small engine/lawn mower repairs, each of these areas has taken significant increases in costs to the consumer in the last couple of years.  Tires have tripled, lawn mowing parts have increase 15-20% due to both parts prices and freight.  Food prices have been in raising in the grocery stores.

And gas prices.  In 2008, gas was priced at $1.89/gal in our area.  Since the price of energy has gone up, most all products have been hit for increasing the cost back to the consumer.

I do not believe lots of the media anymore.  I wish they would get real.

Mar 7, 2013 6:51PM
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wow. do these people know how to calculate inflation? do they know what cpi is? hb they check what the base year for inflation is!! 1985 ppl...... and how about they do monthly or yearly inflation, like the CPE index from the CPI that Bloomberg.com spits out every couple weeks?!?!?!?
Mar 7, 2013 9:41PM
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wow they are going to raise minimum wage to $9.00 hour can't wait ,not. when  that happens gas, food, and every thing is going to go up way more and people are going to have even less. its going to suck
Apr 24, 2013 6:54AM
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Does anyone else notice that things are shrinking.  example can of tuna, bar soap, roll of toilet paper.  This is hidden inflation product shrinks but the price still goes up.
Apr 24, 2013 12:32AM
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I have only one comment to make regarding gas prices.  I have driven cross country over 3/4 of the USA for 35 years, aware that diesel fuel is a low cost product and a by product of gasoline, yet the oil companies have managed to convince the American Public for whatever reason it should be worth more than High Tech gasoline today.  Every body protests against just about every thing they dislike yet no one has a voice for the people who use diesel, like the Truck driver's of America and small business companies that depend on diesel fuel for their small trucks.  Want to cry foul then appeal to your senators and congressmen/women for control and stop believing the BULL that is posted in the media.  Diesel fuel drive prices in this country.  Wake up America and ask questions about how this country is being managed.
Mar 7, 2013 8:33PM
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The cpi is bull.  It is only partly based on actual prices.  They still start out with two baskets of goods, but then the numbers are thrown into formulas and other misleading crap.

Mar 7, 2013 9:04PM
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back in 1968 i bought 5 o/z of gold at $35/oz.....sure wish i had bought a lot more
Mar 7, 2013 9:16PM
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Everything that is important went up 120% or more in the last 12 years (2003 is deceiving - you should look at pre-9/11 prices). While salaries maybe 25%. Even the electronics is not really cheaper - top of the line stuff is always expensive and I have to look at the screen of my 2005 notebook and my 2011 notebook to see the 2005 screen is orders of magnitude better (and not only the screen).

You have to remember that there is not only price inflation, but also "decreasing jar size" and decreasing quality inflation. Case in point: I was buying furniture for my house in 2003 in Rooms to Go. I did not go there for like 8 years - no reason - until last week. I was shocked how much simpler the available furniture were. The kind of stuff I purchased back then is simply no longer made or imported.

The kind of oak mosaic sculpted dining table I got in 2003 (American-made) is not available anywhere for any price...

The reason? People cannot afford stuff, so it is no longer being made. Sure you can say: "The furniture costs the same." But you get half the furniture for the money.

Apr 24, 2013 12:31AM
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whom ever wrote this article must live with the 1 percent and should be ashamed 12 pack of coke is 6.00 dollarswalmart is loosing customers to the dollar storesthe homeless dont say give me a quarter they say you got 5.00 dollarskids dont get a llowance they get a third of your check,who ever you are get off your high horse come live with the 99 percent so you can go back and write the truth instead of writing all that scientific numbers or what they tell you to write.
Apr 24, 2013 6:01AM
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Low cell phone prices aren't the complete story, it's the monthly service that has gone up along with fees from state and federal government. You're paying for the phone cost in the minimum 2 yr. contract requiring a data service.
Apr 24, 2013 1:30AM
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The price of food and gas alone kind of cancels out any other savings on TV's, rental movies, etc.  Food and gas are not discretionary things.
Mar 7, 2013 8:37PM
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All this makes for a good article. Down to the fine line of it none of this really matters if all things collapse. Only basis items will matter. Food and Ammo/weapons will be the currency of concern. If you ask anyone if they will give you food/ water for gold  or gas in an emergency/crisis situation more often than not they will tell you to hit the bricks. they will ask you if you have food, water, ammo or guns? gold is nice and inflation proof having food will keep you alive longer.  
Mar 7, 2013 7:43PM
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"We've learned lately that Russia and (President Vladimir) Putin are actually holding a lot of gold bullion. The Russians have been hoarding a lot of gold," Amladi says

 

What a scientifc explanation! Damn Russians, they are driving up the gold prices!

Apr 24, 2013 3:05AM
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Not 10 years ago we used to go to a restaurant here that had an all you can eat buffet.  The price with drink and tax as 6.25 per person.  Today it's over $13.  That's twice the price in less than 10 years.  Yet they tell us that inflation is only 2% to 3% a year?  Give me a f*&king break. 
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