Bending the Third Rail
Because We Should, We Can, We Do
Wednesday, February 22, 2006
Economics
Haven't posted about economics much lately. The CPI is out (Consumer Price Index), and it reports that inflation is under control in everything but, like, the things everyone needs to live:
"In January, energy prices rose 5%, after falling 2.1% in December. The advance was led by a 5.5% surge in electricity costs, the largest increase on record for that component. Gasoline prices last month rose by 6.4% and natural-gas prices increased 1.7%. Year over year, all energy prices advanced 24.8%.

Food prices were up 0.5% due to sharply higher fruit and vegetable prices. Medical-care prices increased 0.1%. Housing prices, which account for 40% of the index, rose 0.5%. Prices for new vehicles increased 0.6%. Clothing prices increased 0.3%, while education and communication rose 0.4%."
If you want more details, give a visit to the Big Picture. As Barry says, "except for everything going up in price, there is no inflation".
Written at 3:00 PM by Greyhair.
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