My, my. Take a look at the wisdom of an expert:
"Energy is a killer, but if you don't use it, you're not seeing a whole lot of inflation," said Joel Naroff, chief economist at Naroff Economic Advisors, a consulting firm in Holland, Pa.
Wow. Don't you feel better? Many of Econo-Girl's friends use no energy at all. Of course, they are dead, but that doesn't count, does it?
Econo-Girl does not believe that something as systemic as fuel costs for electricity and gasoline can be dismissed so easily when measuring inflation. Because once the fuel-cost increases, eventually the price of everything else will increase also. So the rising fuel costs are future indicators of inflation that is being sown into the economy. Somebody tell Bush.