Stealth Inflation

Real Urban consumers and precision machining shops are noticing stealth inflation despite the BLS’s official headline number. The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.1 percent in August on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 1.5 percent before seasonal adjustment. Are your costs for supplies up just 1.5% over the past year?