Inflation

In the Colorado Springs Gazette there is an article on inflation in the Business section. It lists some rather scary numbers.

From the article... "All energy prices were up 2.4 percent in May and have risen at an annual rate of 30.8 percent through May, nearly the 17.1 percent rise for all of last year." It also lists an increase of .4% for May. That is an anual rate of 4.8%, but looking at it more realistically and using the more accurate (but no longer used) old CPI it would be approximately double that at 9.6%

That racket you are hearing is the Mogambo hauling his guns up the hillside. See you up there!