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Energy Costs Are Driving U.S. Inflation, and Wages Aren't Keeping Up

Inflation rates remain blistering high across the United States. The Bureau of Labor Statistics’s most recent Consumer Price Index, released last week, revealed numbers that were higher than most projections, indicating long-term pain for consumers and a nightmare election cycle for Donald Trump. And the reason for all of it is huge and persistent volatility in global oil and gas markets. The October 14 Consumer Price Index showed that overall, prices for goods and services across the United States have risen 3.7 percent over the last…

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Inflation rates remain blistering high across the United States. The Bureau of Labor Statistics’s most recent Consumer Price Index, released last week, revealed numbers that were higher than most projections, indicating long-term pain for consumers and a nightmare election cycle for Donald Trump. And the reason for all of it is huge and persistent volatility in global oil and gas markets.  The October 14 Consumer Price Index showed that overall, prices for goods and services across the United States have risen 3.7 percent over the last…

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