Energy prices surge in second quarter driven by necessities
The Syracuse Herald-American notes energy costs jumped 64 percent annually in Q2, with housing up 15.9 percent and food and medical care rising more slowly than in 1978. The Basic Necessity Inflation Index cites energy and housing as inflation drivers, predicting further increases amid oil price decontrols and grain concerns.
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National Center For Economic Alternatives
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Gar Alperovitz
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Jeff Faux
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