CPI Index Rises: Oil and Gas Do Mix! 😫

Source BLS

CPI Index rose .5% in January. While the All Index saw a 6.4% rise over 12 months there were some mammoth whopper numbers out there (If you didn't know "mammoth whopper" is not an academic term.)! Let us think about the rise in Gas Utilities 26.7% over a year and fuel oil 27.7% (Those two seem a little guilting in impacting a root cause of cost increases.)!!! 

Electricity went up 11.9% which could bring forward an argument that diverse inputs into a plug and play upgraded electrical grid might allow us to avoid some costs when we can switch to different methods of powering our economy. That would take time so one has to balance the immediate with the right pressures for long term adjustments. Two things I think are interesting in when people talk about fighting inflation. That includes the gold standard (One might also consider precious metals/resource. Perhaps even a benchmark against fiat and gold standard to determine value of currency) basket and better energy management.  (There is a lot of debate about both the gold standard and the electric grid so just do your research and come to your own conclusions. I'm just including here because it is part of economic discussion. I don't have a conclusion either but have no problem thinking about the different ways in which something might work and then just prune them back to the most likely and logical. Could be this and could be that. I know little. Its not a problem because I think when it comes to this, no one knows much. Uncharted territory.  🤷)

You can read the index at January CPI Index