Comments on: US Inflation Surges, Consumer Prices Up 0.5% in February 2011

By: Sophia Cliffe

Sophia Cliffe — Mon, 05 Mar 2012 15:20:54 +0000

Yes, I agree. My opinion is that the CPI reported is spin.
Regarding subsituting, I would like to see rich people substitute a cubic zirconium for a diamond and tell me it’s the same thing. What is the substitute for peanut butter than has gone up 50 percent in the past year? What is the substitute for sugar? What is the substitute for good quality margarine? The special sale price of $1.50 last year is now $2.50. This is not 3 percent.
Peanut butter and cereal have almost doubled in price per ounce compared to the special sales that used to be offered and are no longer offered. Bread, butter, cheese, pet food and more have sky rocketed in price.
My health insurance covers less and my out of pocket expenses have gone up much more than 3 percent.
In my opinion, we are in a depression. Many well educated people have had to accept jobs paying $10 to $15 per hour. This is no longer a livable wage compared to the cost of essentials.

By: DRDJ

DRDJ — Wed, 27 Apr 2011 18:33:38 +0000

rusuruwant2know: “This is CPI spin… Food prices have skyrocketed.”

How is it CPI spin? Quote from article: “…soaring food and energy costs easily led consumer prices.”

Same thing you said.

By: rusuruwant2know

rusuruwant2know — Sat, 02 Apr 2011 03:33:17 +0000

This is CPI spin. I got a 10# bag of sugar in January that was about $5.50 and it’s gone up over a dollar. Food prices have skyrocketed. And don’t tell me people will “substitute” something else!!!