Inflation Was Much Higher Pre-Crisis than Post-Crisis

click for ginormous chart
fredgraph CPI food
Source: FRED

 

 
This morning’s column on Inflation truthers led to some emailers insisting inflation numbers are much higher post crisis than pre.

Sorry, but the data says that is simply not true.

Play with the attached FRED chart chart and XL spread sheet all you want, the data is hard to argue with. (Same goes for energy, especially Oil), Cherry pick whatever time period you want.

From 2000 to the end of 2008, Food at home averaged 3.00% year over year increases; since 2009 until today, its only been 1.78%.

With Oil, its much more dramatic: Oil averaged 24.9% year over year price increases from 2000 to 2008; Since 2009, its averaged a far more tame 6.5%.

Spreadsheet:  Inflation Food at home FRED

inflation Oil FRED
 

Category: Inflation, Mathematics

10 Monday PM Reads

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Category: Financial Press

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Category: M&A, Markets, Sentiment

NSA Communication Breakdown

Source: Washington Post

Category: Really, really bad calls

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Category: Financial Press

Confessions of an Inflation Truther

There is a group of folks who believe that inflation is much higher than the numbers in the official reports. Paul Krugman calls them “inflation truthers.” In the 2000s, I might have been considered part of that crowd. I recognized that inflation data wasn’t being reported accurately, and said as much. I coined the phrase…Read More

Category: Inflation, Really, really bad calls, UnGuru

Tapering Is Now Tightening

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Category: Bailouts, Credit, Federal Reserve, Fixed Income/Interest Rates, Think Tank

Neighborhood Gentrification during the Boom and After

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Category: Economy

The Losers From U.S. Sanctions: AMERICAN Businesses

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Category: Think Tank, War/Defense

Priceonomics: Everything is Bullshit

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Category: Books, Digital Media