HEDONICS

CPI is “Tame” but not for the reasons the Media would have you believe

by John Galt May 15, 2012 22:30 ET   The usual suspects are at their propaganda inspired best with the monthly BLS report on consumer prices. The mainstream media has the usual headlines:May 15, 2012 22:30 ET   US Consumer-Price Index Unchanged; Core Rate Climbs 0.2% US April consumer prices flat as gasoline drops US consumer prices flat as gas costs fall   In other words, gas distorted reality as the reality is that the impacts on things the average American need or use every month increased except for electrical utilities…


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