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Monday, December 13, 2021

Rising Consumer Prices

Aloha Everyone,

Consumer Price Index in the United States rose 5.3 % across the board over the past 12 months. What is striking is that energy prices rose by 25% and food prices 6.1% over the same period.

For the two of us, the increased gas prices of 58.1% and daily costs of hotel stays of 25.5% directly affects us. Prices of food, if you purchase raw ingredients and prepare them at home registered a 4.7% increase. However, prepared food which applies in our case increased by 6.9%.

Spreading of Delta and Omicron variants and urgent calls for people to get vaccines plus booster shot have made many people tired and frustrated. All this bad news along with rising consumer prices, all one can wish is to keep themselves and family safe by continuing to remain vigilant.

Aloha -- Cathi