The Labor Department said the consumer-price index—which measures what consumers pay for goods and services—increased in October by 6.2% from a year ago. That was the fastest 12-month pace since 1990 and the fifth straight month of inflation above 5%.
Price increases were broad-based, with higher costs for new and used autos, gasoline and other energy costs, furniture, rent, and medical care, the Labor Department said. Food prices for both groceries and dining out rose by the most in decades. Prices fell for airline fares and alcohol.
So what’s the best way to deal with these price increases?
Buy yourself a six-pack of Bud (take advantage of those lower prices), and just settle in and start reading back issues of Borden’s Blather. I’m proud to say that there has never been a price increase in its seven-year history.
I hope to keep that streak going despite demands for an increase in wages from the volatile writing staff, a shortage of qualified writers, and an extreme shortage of inventory…
*image from The New York Times