March 18th, 2009
10:29 AM ET
6 years ago

Price increases pick up speed

NEW YORK (CNNMoney.com) - Prices paid by consumers rose as a faster pace in February, as higher gas prices in the month fed into the highest inflation reading since July.


Filed under: Economy
soundoff (14 Responses)
  1. Objective thinking

    Gee, high inflation after enormous spending. Who saw that coming, other than:

    Germany post WWI
    Russia post WWI
    Japan post WWII
    The Yuan Dynasty after becoming the first users of the fiat system

    I mean, it's not like we have history to show us what happens if we just print money whenever we feel like it.

    March 18, 2009 12:02 pm at 12:02 pm |
  2. Jon

    Wow!!! There is nothing like government created inflation to make me feel poor. Thanks stimulus bill and bailouts for decreasing the purchasing power of all Americans.

    March 18, 2009 12:03 pm at 12:03 pm |
  3. phoenix86

    Aaaah, the first signs of the Obama inflation. Government cannot simply borrow / tax and spend trillions without inflation.

    March 18, 2009 12:07 pm at 12:07 pm |
  4. The One

    Obama's inflation is here. Up go prices. Interest rates sure to follow. Unemployment already high, getting higher. Bring back the misery index.

    March 18, 2009 12:17 pm at 12:17 pm |
  5. here we go.....

    That's alright.....$13 a week should take care of this....

    God help us all..........

    March 18, 2009 12:19 pm at 12:19 pm |
  6. Michigan

    So people can be even more poor during this new depression.

    March 18, 2009 12:20 pm at 12:20 pm |
  7. Robert

    Take the money that is going to be handed out and give it to the people of the United States of America. They will spend the money and not give it out to some rich business man.

    March 18, 2009 12:30 pm at 12:30 pm |
  8. Fed Up

    Change you can believe in:
    Unprecedented deficit spending
    Escalation of needless war in Afghanistan
    Higher taxes
    Higher energy costs (cap&trade)
    Higher unemployment
    Lower stock market
    Tax Cheats running team Obama
    Pelosi still has her private jets funded by taxpayers
    Appearance by a sitting President on a comedy show

    March 18, 2009 12:33 pm at 12:33 pm |
  9. obama-mama

    Thanks Bush.

    March 18, 2009 12:35 pm at 12:35 pm |
  10. SniffMe

    Really.....you mean if we keep printing money the value will decrease? Quick someone tell Obambi and "Turbo Tax Timmie" who would have thought

    March 18, 2009 12:37 pm at 12:37 pm |
  11. Jackie in Dallas

    Wow. Guess none of you saw gas prices go up through the roof while the oil companies were making obscene net profits per quarter LAST year, were you? And that was on the Bush dime. That was also considered inflation....

    This is normal increases after a seriously cold winter, and the prices for gas and other sources of heating skyrocketing due to consumption, not the price per barrel, which has remained relatively stable. It should drop off.

    I'm not saying we won't see inflation...we'd be idiots to think we wouldn't after the disastrous Wall Street and banking crises, but we'd see those from Bush's bailout and a Republican President just as fast as we would under a Democrat. If you think McCain and Palin would have done anything substantially different, you're dreaming. The only difference would be the main focus would be on giving more tax breaks and tax incentives to big companies - but we'd still be paying for them.

    March 18, 2009 12:38 pm at 12:38 pm |
  12. Fair is Fair

    I don't know about everyone else, but I'm going to use my $13 a week to buy some jelly to go with my peanut butter sandwiches.

    March 18, 2009 12:48 pm at 12:48 pm |
  13. Shooky

    @ Objective thinking

    That was a GREAT post. I think if more people actually knew their history, Obama's plans for just about everything he supports would go up in smoke.

    March 18, 2009 12:50 pm at 12:50 pm |
  14. Mississippi Mike

    Deficit spending in a recession -> Higher taxes, increased money supply -> Inflation -> Higher employment -> Deeper recession -> Increased deficit spending...

    Nothing good will come from this cycle. We will find our economy collapsing, savings will be virtually worthless and our government will be hopelessly bloated. This is the slide into socialism we've been warned about. Either fight it or accept it, there are no other alternatives.

    March 18, 2009 12:52 pm at 12:52 pm |