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Inflation Was Much Higher Pre-Crisis than Post-Crisis
Posted By Barry Ritholtz On July 21, 2014 @ 8:31 pm In Data Analysis,Inflation,Mathematics | Comments Disabled
click for ginormous chart
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 XL spread sheets all you want, the data is hard to argue with. (Same goes for energy, especially Oil ), Cherry pick whatever time period you want. Tweaj the charts on FRED.
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%.
Article printed from The Big Picture: http://www.ritholtz.com/blog
URL to article: http://www.ritholtz.com/blog/2014/07/inflation-was-much-higher-pre-crisis-than-post-crisis/
URLs in this post:
 Image: http://www.ritholtz.com/blog/wp-content/uploads/2014/07/fredgraph-CPI-food.png
 FRED: http://research.stlouisfed.org/fred2/graph/?g=G5U
 column on Inflation truthers: http://www.bloombergview.com/articles/2014-07-21/the-inflation-truther-crank-index
 Oil: http://research.stlouisfed.org/fred2/graph/?g=G5Z
 Inflation Food at home FRED: http://www.ritholtz.com/blog/wp-content/uploads/2014/07/Inflation-Food-at-home-FRED-.xls
 inflation Oil FRED: http://www.ritholtz.com/blog/wp-content/uploads/2014/07/inflation-OIL-.xls
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