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Latest Inflation Data Show Little Sign That Gasoline Prices Are Derailing The Recovery

Seeking Alpha -- Recently many commentators have worried that rising gasoline prices will derail the fragile recovery of the U.S. economy. The latest inflation report from the Bureau of Labor Statistics shows little sign that any such thing is happening yet.

The headline all-items CPI for urban consumers rose at a 3.54 percent annual rate in March, down from 5.03 percent in February. (I base these rates on the unrounded CPI data supplied by the Cleveland Fed and state monthly data as annual rates.)

There are two parts to the concern that gasoline prices could harm the recovery. One is direct: Higher gasoline prices leave less money in consumer pockets for spending on other goods and services. That was a definite concern in February, when the monthly increase in gasoline prices was a full 6 percent. The m

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Submitted Apr 15, 2012 By: mastermariner

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bwatchingu Champion Author Arkansas Posts:1,859 Points:627,925 Joined:Jan 2009	Message Posted: Apr 16, 2012 2:45:21 PM Ignore bwatchingu Report Abuse Just wait
52MPG Champion Author Dayton Posts:7,397 Points:1,767,680 Joined:Apr 2006	Message Posted: Apr 16, 2012 2:14:09 PM Ignore 52MPG Report Abuse It will be the voter perceived effect on there personal economics that will be reflected in the next election.
crep1291 Champion Author Ottawa Posts:2,636 Points:486,070 Joined:Dec 2010	Message Posted: Apr 16, 2012 9:42:09 AM Ignore crep1291 Report Abuse Most of you confuse economic recovery and economic prosperity. The economic recovery is measured by the output of its businesses, not by the wealth increase of its citizens.
ToolinIt Champion Author Colorado Posts:1,805 Points:911,260 Joined:May 2010	Message Posted: Apr 15, 2012 9:31:05 PM Ignore ToolinIt Report Abuse When the government purposely omits the price of fuel/gas from factoring into the inflation equation - it produces a false number. A purposeful practice that so many administrations have used to reflect positive light on themselves.
WhiskersTheCat All-Star Author Austin Posts:879 Points:1,346,885 Joined:Oct 2008	Message Posted: Apr 15, 2012 9:09:13 PM Ignore WhiskersTheCat Report Abuse Recovery? Did I blink and miss it?
davenles Champion Author Texas Posts:3,331 Points:745,385 Joined:May 2011	Message Posted: Apr 15, 2012 8:55:23 PM Ignore davenles Report Abuse My wallet would beg to differ.
36_ACRES_4_SALE All-Star Author Appleton Posts:999 Points:338,815 Joined:Oct 2011	Message Posted: Apr 15, 2012 7:26:11 PM Ignore 36_ACRES_4_SALE Report Abuse :(
ExplorerWA Champion Author Washington Posts:4,231 Points:823,895 Joined:Feb 2011	Message Posted: Apr 15, 2012 7:25:33 PM Ignore ExplorerWA Report Abuse Gee, I didn't know we were in a recovery! With high unemployment, food costs and gas cost that keep going up. I must have missed it.
CVA19 Champion Author Salem Posts:2,393 Points:632,100 Joined:Aug 2011	Message Posted: Apr 15, 2012 7:22:43 PM Ignore CVA19 Report Abuse Recovery? What recovery? As someone posted earlier on a different string, "There are three kinds of lies: lies, damned lies, and statistics." -popularized by Mark Twain. The author of this OpEd can use statistics all he wants, it won't change the real numbers. People are paying more and more for consumables--it's a fact, not a statistic! ------------ Oh, and damned straight, md11capt; Obama owns this now! [Edited by: GT3186 at 4/15/2012 10:25:46 PM EST]
dhdiesel Veteran Author Riverside Posts:400 Points:44,800 Joined:Feb 2012	Message Posted: Apr 15, 2012 7:10:27 PM Ignore dhdiesel Report Abuse Recovery? B-b-but they told us the recession officially ended in the summer of 2009! What happened? And the 'Fed tighten monetary policy'? ROFLOL! They've printed at least $17 trillion and now, there is no way back from the abyss. "all-items CPI less food and energy" Did you catch LESS FOOD and ENERGY? So, if you don't eat, don't drive and don't heat your home, inflation is only 2.8 percent annual rate! Shazaam!
hubie24 Veteran Author Michigan Posts:315 Points:204,380 Joined:Jul 2010	Message Posted: Apr 15, 2012 6:53:47 PM Ignore hubie24 Report Abuse Try telling that to the low-income population.
PDQBlues Champion Author San Diego Posts:7,209 Points:1,475,050 Joined:Jan 2009	Message Posted: Apr 15, 2012 6:19:37 PM Ignore PDQBlues Report Abuse Sure gas prices show no sign of derailing the economic recovery. Such a recovery is as yet invisible to most of Americans.
md11capt Champion Author Denver Posts:3,558 Points:728,430 Joined:Mar 2011	Message Posted: Apr 15, 2012 5:18:44 PM Ignore md11capt Report Abuse Yet, the The Teapartiers still blame President Obama.
TomT2Lee Champion Author Cincinnati Posts:5,471 Points:1,623,135 Joined:Sep 2005	Message Posted: Apr 15, 2012 3:42:00 PM Ignore TomT2Lee Report Abuse It sure doesn't seem like the prices of every day living items are going down in price.
LEGION57 Champion Author South Carolina Posts:1,676 Points:283,110 Joined:Mar 2011	Message Posted: Apr 15, 2012 1:49:46 PM Ignore LEGION57 Report Abuse AHH
lcleveland Champion Author San Antonio Posts:2,756 Points:676,005 Joined:May 2011	Message Posted: Apr 15, 2012 1:42:15 PM Ignore lcleveland Report Abuse ok
Nancy&Len Champion Author Cleveland Posts:2,173 Points:1,969,615 Joined:Sep 2004	Message Posted: Apr 15, 2012 1:30:32 PM Ignore Nancy&Len Report Abuse Have they looked at the cost of food lately? I have less disposable income than I did six months ago.
knutzAL Champion Author Alabama Posts:2,248 Points:372,680 Joined:Feb 2012	Message Posted: Apr 15, 2012 1:06:33 PM Ignore knutzAL Report Abuse Is the publisher of this story just stupid!
Ahking Champion Author Orange County Posts:3,599 Points:621,360 Joined:May 2011	Message Posted: Apr 15, 2012 11:17:59 AM Ignore Ahking Report Abuse It would still be good when energy cost comes down.
tnfran Champion Author Arizona Posts:4,513 Points:868,165 Joined:Dec 2010	Message Posted: Apr 15, 2012 11:12:56 AM Ignore tnfran Report Abuse Sure and the sun won't rise tomorrow either. Who is this Gorpy idiot anyway? With all the people unemployed , those who've lost their homes , dreams etc who is this clown trying to convince this to???
eomc17 Champion Author Tucson Posts:1,840 Points:135,330 Joined:Mar 2007	Message Posted: Apr 15, 2012 10:11:56 AM Ignore eomc17 Report Abuse Who the #$%* wrote this article, an oil company butt kisser? Some idiot really likes high gas prices for everybody. Does this idiot think the millions who work the millions who work minimum wage jobs aren't concerned about these gas prices?? I am so tired of these big oil brainwashing these so called analysts and experts to write this type of article claiming the current gas and oil prices are in any way justifiable and easy for the drivers to swallow. Last year I had a 9$ / hour job and I spent a whopping 400$ in six weeks just commuting back and forth to work. I didn"t have much money left for my family's daily expenses and healthcare, had to drop my health insurance, too. Thanks Bush and Obama.
Van_Halen Champion Author Atlanta Posts:2,959 Points:667,045 Joined:Apr 2011	Message Posted: Apr 15, 2012 10:02:29 AM Ignore Van_Halen Report Abuse . First, WHAT RECOVERY! Second, Only a moron or Obama supporter would say that needlessly taking 14 Billion Dollars a week out of the economy could not be hurting things! Third, I'm betting that the person writing the report doesn't buy gas or do the food shopping IE its the housekeeper and chauffeur doing it or they would have noticed that the Easter Ham cost 47% more then it did last year!
bl626 All-Star Author Toledo Posts:824 Points:242,355 Joined:Feb 2011	Message Posted: Apr 15, 2012 9:40:14 AM Ignore bl626 Report Abuse how does that work? we are spending more and more money for the same service when our salaries are not increasing? all the goods get also moved by higher and higher prices.
wrunner Champion Author Virginia Posts:4,582 Points:1,163,310 Joined:Dec 2009	Message Posted: Apr 15, 2012 9:36:20 AM Ignore wrunner Report Abuse Come on now, consumers are smarter now and know how to use fuel wisely.
The_DR Champion Author New Jersey Posts:2,920 Points:611,790 Joined:Aug 2011	Message Posted: Apr 15, 2012 9:15:56 AM Ignore The_DR Report Abuse Tell me something I don't know.
johntxx Champion Author Texas Posts:2,937 Points:643,045 Joined:Aug 2011	Message Posted: Apr 15, 2012 8:53:55 AM Ignore johntxx Report Abuse What recovery?
dave27johnson Champion Author Chicago Posts:1,818 Points:432,095 Joined:Feb 2012	Message Posted: Apr 15, 2012 8:48:14 AM Ignore dave27johnson Report Abuse We got through this oil speculation bubble with only minor damage to the growing economy. A mild winter helped.
Buckeyee Champion Author Maine Posts:4,766 Points:923,350 Joined:May 2010	Message Posted: Apr 15, 2012 8:09:21 AM Ignore Buckeyee Report Abuse If you live in D.C. and have a cushie government job, where you never fear of losing your job, get raises, & get a lifetime pension and medical. Then, yes,gas prices have NO effect on your standard of living. But the rest of us it does.
playtimeCLE Champion Author Cleveland Posts:8,694 Points:1,570,125 Joined:Nov 2008	Message Posted: Apr 15, 2012 7:49:55 AM Ignore playtimeCLE Report Abuse I'm really not sure why people are so bent on using the word Recovery. They have been trying to tell us one in in effect for 4 years now. I just don't see it happening.
MontanaMac Champion Author Washington Posts:1,736 Points:410,050 Joined:May 2011	Message Posted: Apr 15, 2012 7:18:57 AM Ignore MontanaMac Report Abuse It has everything to do with CPI is calculated.....Seeking Alpha is the wrong place to delve into the data.
uglytom Champion Author Florida Posts:7,464 Points:1,542,015 Joined:Jul 2007	Message Posted: Apr 15, 2012 7:03:40 AM Ignore uglytom Report Abuse No surprise.
db60 All-Star Author Indiana Posts:982 Points:211,255 Joined:Oct 2011	Message Posted: Apr 15, 2012 6:18:00 AM Ignore db60 Report Abuse Okee dokee.
fracknsave Champion Author Grand Rapids Posts:1,666 Points:58,000 Joined:Mar 2012	Message Posted: Apr 15, 2012 6:08:43 AM Ignore fracknsave Report Abuse Interesting that the people who do this take a month and times it by 12 instead of adding up the last 12 months to get the number. We'll see if the optimism of cheap natural gas can overcome a full blown recession in Europe.
mandoid Champion Author Alabama Posts:7,417 Points:1,553,080 Joined:May 2008	Message Posted: Apr 15, 2012 6:04:22 AM Ignore mandoid Report Abuse what recovery - 90M unemployed or underemployed elections have consequences