U.S. Inflation At 25-year High

Inflation jumped 1.2 percent in the lastest Labor Department CPI report, as consumer prices rose to 25 year highs. Energy costs rose 12 percent last month and this is the largest monthly increase since the department started collecting data in 1957.

---

When it rains it pours. A low core rate and a high CPI means that earnings aren't inflating with inflation.

Related News Links:
www.washingtonpost.com



[edit on 14-10-2005 by Regenmacher]

[edit on 10/17/05 by FredT]

Glad to see some mention of this topic.

Inflation doesn't get much press these days, not compared to the coverage it recieved during the last gas 'crisis'. Back then, the inflation numbers were dramatically announced every day, now they just seem to get shrugged off for the most part.

In the last couple of weeks alone, the price of groceries has jumped quite noticeably, and will likely do so again. Between the costs of transport and losses due to the storms, it's inevitable. When the costs of heating are figured into the next inflation numbers, there's no telling how much higher they could go.