Commentary
Americans can expect to pay more to drive to Grandma’s house for Thanksgiving this week, and Grandma will have to pay more for the traditional feast, according to new inflation data from the Bureau of Labor Statistics.
Let’s start with energy prices. The October consumer price index shows yet another month of price increases, with prices rising 1.8 percent from September and 17.6 percent over the past year.
Specifically, gasoline prices have risen by over 17 percent in the past year. And if you want heat at Grandma’s house, fuel oil has risen by 68 percent, electricity by 14 percent, and natural gas by 20 percent….