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Economic Statistics for 19 Dec 14

The Atlanta Fed’s Business Inflation Expectations survey for December shows businesses expect 1.9% inflation over the next year.

The Kansas City Fed Manufacturing Index rose 1 point in December to 8.

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One Response to Economic Statistics for 19 Dec 14

  • Oil is excluded from inflation, correct?

    But when oil goes up or down in such a big move, it eventually affects the prices of things using oil – say plastics.
    Then there’s the additional demand created by us consumers who suddenly have an extra ten or 20 bucks after filling up the tank.

    So, doesn’t the price of oil eventually get into the inflation numbers anyways?

    Or is its main use as heating/transportation etc. and thus its not significant?