Some of the time, but only some of the time, I have the sender as the
poster, not brin-l. Alberto was nice enough to send it back to me so I can
repost it.
Dan M.
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From: Alberto Monteiro albm...@centroin.com.br
Date: Fri, 11 Sep 2009 10:46:01 -0200
To: dsummersmi...@comcast.net, brin-l@mccmedia.com
Subject: Re: Knowledge of Complex Systems and Ecconomics
Dan M. wrote:
Subject: Welcome to Hyperinflation!
Date: 2008-08-29 12:30
I was just checking the evolution of PPI (PPI and CPI measure
inflation in the USA), and noticed that _this year_ the
accumulated inflation is about 10% (!!!)
Where did you get that?
2008 data. And notice that I said PPI, not CPI.
Two things on this. First, PPI is always far more volital than CPI or WPI
(Wholesale Price Index). It is highly dependant on commodity prices. When
oil prices go from 140 to 35 to 70, the PPI is far more affected than
either of these two. Indeed, the CPI and WPI also have a core amount
(excluding food and energy) that is a much better indicator of changes in
the long range inflation.
But, to look at what you quoted we have at
http://data.bls.gov/PDQ/servlet/SurveyOutputServlet?data_too
l=latest_numbersseries_id=WPSSOP3000output_view=pct_1mth
http://tinyurl.com/ndqm3x
the PPI report itself. If you add this year, we have a 1.2% increase in
2009, and for the last calandar year a 6.5% decrease. The BLS is the
organization that measures US inflation and puts a lot of work into it.
While others may argue about inflation being overstated by not including
substitution of new goods to extend and reduce the cost of old goods
properly, no one else measures inflation like the BLS.
Yes, but I was talking about the period from 2008-01 to 2008-06.
Why that period? (the PPI increased 6.5% during that period). It was before
the meltdown and the government response. Sinc ethen, we've had deflation.
The net for the last 18 months is 0. That's not inflation at all.
http://www.bls.gov/cpi/home.htm
This site is awful.
There's so much information that I have no idea
where the data came from. But it probably came from that site.
I guess its a YMMV item. I can usually find what I want in a couple of
minutes. As an aside, the US is unique among countries in the amount of
available data. It's much harder to get data from other countries.
Dan M.
mail2web.com Enhanced email for the mobile individual based on Microsoft®
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