The U.S. Consumer Price Index (CPI) rose approximately 8.5% from last year. CPI is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. Follow the table below:
CPI Latest Numbers
- US city average, all items 8.%% NSA since March 2021
- US city average, all items less food and energy 6.5% NSA
- US city average, medical care 2.0% NSA
- US city average, all items 9.4% NSA
Note these figures are from the Bureau of Labor Statistics website.
While citing hard figures, though, it does not take into context how many of us feel about the rising prices across the board at our local levels and our own shopping trips and family budgets. For instance, gas prices at the pump has gone up from $3.50 to $6.50 in southern California, bread has gone up from $1.99 to $3.69 for our basic white bread loaf (other brands over five dollars!!), and our house heating and air conditioning has nearly doubled as well. This is where the real pain of the economy is felt, not just in charts, and President Biden has had the absolute worst strategies for curing our economy.
After what has happened to Ukraine and with the threat of both China and Russia attacking NATO I plan to build another 20 Aircraft Carriers. These new carriers will cost close to 20 billion dollars and we aren’t finished we will need the complete group, destroyers, frigates and missile destroyers along with a handful of submariners to protect from below, a figure that comes to about 100 billion dollars. We will need to increase the budget of that up to two trillion dollars for defense of ourselves and our allies as well to secure peace through the next 20 years. By that time our three to five Space Stations will be able to protect with our missile defense system anything taking off and to prevent nuclear missiles being fired by any country using our superior laser technology. Peace through strength is always a great idea, especially in the constantly changing geopolitical struggles in the world where governments seem to change their leadership and alliances as often as a dog chases cars.