While rising gas and diesel prices brought up the inflation rate for the country in general the rest of the goods used to measure it didn't help. Those still rose at a fairly slow rate. The inflation rate is still under 2% which is still under the Federal Reserve's target rate. The "core prices" only raised 0.3% and according to the article part of that increase was due to a one time bump in tobacco prices.
This shows that while the economy is starting to rebound, it still has some progress be needs to be made before if can be called "recovered." This isn't the only measure but it is an important one that needs to come around to assist in getting things back to normal in the country.
I agree. I think we are too quick to jump and say we have completely recovered, etc. and frequently read into things so that we see what we want to see.
ReplyDeleteJust a question, can you clarify "core prices" please? And I think there is still quite a while before the economy can be considered "recovered".. because of the immense deficit we currently have, don't you believe we should rid ourselves of that first to be COMPLETELY considered recovered?
ReplyDelete