Wednesday, May 14, 2008

CPI: Just Not True. Wisconsin Parallel

Quick note, from Big Picture, on the CPI release:

From the CPI report, “In April, the index for petroleum-based energy fell 1.6%, offsetting a 2.5% increase in the index for energy services. The transportation index declined 0.7% in April, reflecting a 2.0% decrease in the index for gasoline.” And to top it off, the index of commodity prices rose just 0.1%.

Huh? Gasoline prices rose by about 10% in April. Virtually every index of commodity prices is near all-time highs (and up about 30% since the beginning of the year). I’m not sure what the BLS is smoking here, but it must be pretty strong stuff.

Hell, that's no different than the budget "remedy" which is before the Assembly today.

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