Price of Nearly Everything Rose In March
WASHINGTON (Reuters) - Another surge in energy costs helped push up U.S. prices in March, as underlying inflation climbed at the sharpest rate in 2-1/2 years, the Labor Department said on Wednesday.For consumers, gasoline wasn't the only thing that cost them more last month. The government reports its Consumer Price Index surged 0.6% in March, the largest increase in five months. "Excluding energy, household expenses rose quite sharply and the gains were basically across the board. There were the usual suspects. Medical care and education costs are out of control," said economist Joel Naroff, of Naroff Economic Advisors. "I'm saving as fast as I can, but when my-sixteen-year-old hits college, I will probably still go broke. If tuition doesn't kill me, the inability to afford my medicines will."
You always have to like it when they exclude energy in all the formulas. We intentionally exclude the one single factor that accounts for most of the impending disasters on this planet. Energy is the war, the environmental collapse, the battles over extraction versus a healthy future, clean air becoming toxic, clean water becoming hazardous. In every possible way the use of energy resources in the US are the one sole factor that drives all the costs, and yet, we exclude it when accounting for all the variables. The ultimate coverup really, and indeed inexcusable.
