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What Inflation?

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By Douglas A. McIntyre Updated Published
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Money ImageWe have just gotten the Labor Department’s measure of retail inflation measured by the Consumer Price Index.  The September reading still has inflation running tame, and many will be watching for more of the Producer Price Index data as a result to try to interpret when suppliers and wholesalers will have to finally pass inflation on down to the public at the consumer level.  The September CPI came in at +0.2% versus a Bloomberg consensus reading of +0.1% expected.  The core CPI, ex-food and energy, rose also by +0.2% versus the Bloomberg consensus estimate of +0.1%.

These figures are still far short of any sinister inflationary scenario.  But with the mountain of money that has been printed, with gold over $1,000 and with oil back over $75.00, the inflation-bugs are getting more and more ammo to support their thesis.  The feeling is that inflation is not yet here.  Yet.

JON C. OGG

OCTOBER 15, 2009

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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