Inflation Update
Posted on April 14, 2010 by David Laidlaw The latest release of figures from the US Bureau of Labor Statistics regarding inflation shows that changes in prices have been quite tame over the recent months and during the past year. During February, the Consumer Price Index (CPI) did not increase at all on a seasonally adjusted basis. Additionally, the CPI only increased 2.1% over the prior year. Looking at the elements that compose the CPI presents a different picture and suggests inflation is not as benign as appears at first blush. Housing is the largest element used in…