Hey...There's No Inflation...Unless You Use Electricity

For those who think that inflation is low (because the Federal Reserve is keeping interest rates down), I think you might want to consider the cost of electricity (something everyone MUST have to live nowadays).  October was the 11th straight month when the average price of electricity continued to creep up.  Not that big of a deal...unless you are trying to live on a budget.  Talk to your friends about it.  You have a business that can help them! ...Dennis


Price of Electricity Hit Record for October; Up 42% in Decade

The price of electricity hit a record for the month of October, according to data released Wednesday by the Bureau of Labor Statistics. That made October the eleventh straight month when the average price of electricity hit or matched the record level for that month.

The average price of electricity in October was 13.2 cents per kilowatt hour (KWH), up from 12.8 cents per KWH in October 2012—and up from 9.3 cents per KWH in October 2003.

Americans now pay 42 percent more for electricity than they did a decade ago.

- See more at: http://www.cnsnews.com/news/article/terence-p-jeffrey/price-electricity-hit-record-october-42-decade#sthash.wGqToNxY.n5rl5MZm.dpuf