Shoppers sending inflation message?
Prices for food and clothing rising in April
- Duration 5:02
- Date May 19, 2012
Prices for food and clothing rising in April
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This transcript is automatically generated
The government is saying that inflation is -- -- shoppers saying that is mine.
Here's of the government is reporting consumer prices flat in April -- in check we're told by a drop in prices at the pump.
But what about prices for everything else like food and clothing their way way.
There's -- reason why retail sales got a to a halt last month.
What -- fewer families plan on flying next Memorial Day weekend and everyone simply gonna walk over to Charles -- house.
We wanted this is Charles -- render first come first serve and -- there -- -- I get the wings -- it's what it is -- Let's see how the government figures this stuff about them they they think about like replacing the product in other words like -- I know you probably cuts in the poor house so.
Let's -- -- house goes from thirty bucks -- fifty bucks what you can hold down the flanks they absolutely right and we are pigs in a blanket so then that Mike doesn't work you will the Al polls closed as a replacement port and it's at the same price and poison had -- and that's.
It's -- -- don't they also.
Had an old basket right in it's dominated by things like computer items and stuff like that that's a static.
-- -- ID CPI a lot of it has been and -- we've been debating this for years whether the PPI TPI actually you know represent.
What they're doing a lot of early days though he did Allen also probably could do a lot of things we'll put a low inflation and -- lot I really think one of the sort of most of the covers stories as the media is obsessed with weather Jamie -- lost money and odd.
How much you've lost -- -- -- it's a good security it's a good story it's a good story but you know but think about how many average people that affects.
Zero what we have here is obviously inflation -- Commodity prices Wear -- that's a huge tax on working class Americans.
We have economic policies that have failed for four years -- you you don't read that on the front page of the New York Times.
This is sort of -- this is like the most under covered story -- the middle class in this country is getting shafted by a guy who came in.
And said he would support the working class.
Ali reason that it's not it's not worse than it is now gas prices have been coming down there's still -- -- of north at three dollars and seventy cents a gallon.
Quieter than when he came in and the biggest issue are interest rates -- calls the rest the world looks lousy.
Our -- and by the way this last week the ten year.
-- the yield on the ten year treasury fell to a record low on it was 81 network it was below once 17 if the I don't have that hurts average people average people don't -- be rolling -- -- rolling the dice in the stock market.
They would like to put their money in a wrist was investment.
It in the bag on the money market fund it is our own negativity that hero from -- -- Charlie on the flip side of that you can refinance.
Into -- mortgage and our record you know -- if if.
If you can get -- and then I'm gonna get that when -- with Jefferson.
I kept pristine credit let me tell you something you can refinance it was hard and I -- I did not well not -- Only I know -- -- art now I think kids hate you.
I don't want.
Should not I have -- had nothing to do would residential Lebanon and I think I don't know what's in the door and I think the market got -- 5 -- yeah.
An accent that's all right to the point about does and place all it does serve.
Ben Bernanke's argument and and that has many -- argument you can keep.
Spending to keep rates low.
-- then you can ignore cold this threat of inflation because there is no inflation so it's a self fulfilling sort of fantasy isn't.
Well maybe but it's not I don't think anyone's saying there's no inflation they're saying that inflation isn't the biggest concern right -- -- -- just defenders are just -- it was like date.
It's not report does not come out of there like dominoes right now what are you looking at someone and look at night Alex and well but -- grocery store.
Am a full price you talk about -- glossing things over I mean Charlie says that the president has shafted the working class are Oliver right let's go up they put food prices you know how people.
These people got shaft did a long time ago I got accepted in housing but we have urged the apple well okay written we can get that's a hole on this -- You tell us why we had a housing market and we had government incentives to -- -- did put people but okay quick quick question not.
And you we have to we have inflation involving food right food right now.
Food commodities -- there's no debate there's no debate that we do the one of the reasons why don't we do that we just like that the only overall let me make this point you can you can shoot at that one of the reasons why we do.
Is because we have 0% interest rates one of the reasons -- -- percentage of cities could Ben Bernanke is saying this -- economic recovery.
Under -- Bob economics is not working.
-- and there's another reason is very high commodity I did other reasons -- -- got a lot of races you can.
That are macroeconomic.
In the don't even -- well good I'm not sure I want to get your history and government subsidies and talk about Clinton aren't an.
Every well reckoning is coming out of your way to your liberal democratic conservative -- -- at the bottom line is the day of reckoning is coming where this inflation we say doesn't exist.
Is gonna hit us on -- -- hard.
Morals and these rates are gonna start something I don't know when.
But now I agree I agree it's unavoidable that it's -- I --