Alexander Frei is senior research associate in the Center for Data Analysis at The Heritage Foundation.
High inflation could soon make a comeback across the American economy. That’s because a combination of soaring demand for electricity and artificially constricted supply has laid the foundations for steadily increasing electricity prices.
Not only do people rely on electricity, but it’s an essential component of all commerce in the economy.
As such, a healthy economy requires a change in direction in energy policy.
The inflation rate measures the average annual percentage increase in the consumer price index. The CPI is an index measuring changes in prices of a typical basket of goods over time. Items in the basket include typical purchases, such as housing, food, energy, insurance, clothing, and appliances. These items are weighted for relative importance, and among the most important is electricity. […]
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