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When Katrina Says Jump…

This article was written by in Uncategorized. 20 comments.


… the CPI jumps. “Consumer prices rose at the fastest pace in more than 25 years last month, spurred by a surge in energy prices to record highs after Hurricane Katrina.” These higher energy prices are going to be passed on to the average consumer in many different ways, so look for higher prices all around.

The jump in the CPI is one reason social security checks will gain a 4.1% cost of living increase next year. Will my checks gain that much?

Published or updated October 14, 2005. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.

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About the author

Luke Landes is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about Luke Landes and follow him on Twitter. View all articles by .

{ 7 comments }

avatar Brian

Just wrote about this myself – looks like those with I bonds should do well in the coming months – link.

avatar Hazzard

Outstanding. 4.1%. That will give my parents a nice raise on their sole source of income……..
Hazzard
http://elym.blogspot.com

avatar Luke Landes ♦127,505 (Platinum)

It pays to be contrarian — those making out with I Bonds now are those who weren’t dumping all their money into tech stocks like everyone else in 2000. Where was I in 2000? Not even in the game…

avatar thc

Are you all nuts?! An increase in the rate for i-bonds or SS only means that inflation is present–no real gain. No one wins with i-bonds, at best, you don’t lose money. You say, “look for higher prices all around”. If the CPI has already risen, higher prices are already here!

avatar Brian

thc – with respect, you’re generalizing…inflation does not affect everyone equally.

avatar thc

Brian: If saying that inflation is bad, then yes, I’m generalizing. Celebrating a higher CPI is ludicrous.

avatar Brian

thc – With the possible exception of Hazzard, I did not interpret this post and comments as a celebration for a higher CPI.

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