Inflation Disconnect
Tuesday, April 08, 2008
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In an effort to stimulate the economy, the Federal Reserve has been cutting interest rates. But, those cuts don't help curb inflation -- something many consumers are complaining about. In this report, NBR correspondent Suzanne Pratt looks at the forces fueling inflation -- and whether they are real or imaginary.
Inflation Table
| Feb 2008 Inflation Evidence |
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Dairy and related |
+13.3% |
Cereals and baked goods |
+6.6% |
Gasoline |
+32.7% |
Source: U.S. Bureau of Labor Statistics |
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Related NBR Stories & Links
- 03-18-08: "Commentary" - Put Inflation Fears To Rest
- 02-26-08: Inflation Ups & Consumer Confidence Downs
- 02-20-08: Inflation Worries Rise Along with the CPI
- 11-20-07: "Commentary" - That Inflation Feeling
External Links/Articles*
- Federal Reserve
The Federal Reserve is the central bank of the United States. This links to the minutes of the March 18, 2008 meeting fo the Fed's Open Market Committee. The minutes were released April 8, 2008. - Federal Reserve Bank of St. Louis
This links to an April 2, 2007 speech by St. Louis Fed President William Poole. The speech is titled, "Understanding Inflation." - Federal Reserve Education
Federal Reserve Education is an educational website maintained by the federal reserve. This links to the "Fed 101: Economic Indicators" section of the site. It discusses leading, lagging, and coincident indicators. - U.S. Bureau of Labor Statistics (BLS)
The Bureau of Labor Statistics (BLS) is the U.S. Department of Labor's data reporting arm. This links to agency's Consumer Price Index (CPI) average price data list. Select which of the 17 items, including gasoline and bread, you want to get pricing data on.
*Clicking these external links will take you off the NBR web site on PBS.org. NBR has no affiliation with these sites.
