For a third consecutive month, everyday prices moved sharply higher with gains led by motor fuels prices. The AIER Everyday Price Index increased by 1.2 percent for the month following back-to-back increases of 0.8 percent in January and February, putting the 3-month annualized rate at 11.9 percent and the 12-month gain at 4.4 percent, the fastest pace since November 2011.
Motor fuels prices jumped 11.7 percent for the month following gains of 6.9 percent in January and February and contributed 105 basis points to the 1.2 percent gain in the Everyday Price Index. From a year ago, motor fuels prices are up 22.2 percent. Other significant contributors to the March increase were grocery prices (food at home, up 0.2 percent for the month, contributing 5 basis points to the monthly change), household fuels and utilities (up 0.2 percent for the month and contributing 3 basis points), and admissions prices for movies, theaters, concerts, and sporting events, etc., (up 2.6 percent for the month while contributing 5 basis points).
The Everyday Price Index including apparel, a broader measure that includes clothing and shoes, also rose 1.2 percent in March, following back-to-back gains of 0.9 percent in January and February, producing a three-month annualized rate of 12.7 percent. Over the past year, the Everyday Price Index including apparel is up 3.8 percent, the fastest since February 2012. Apparel prices rose 0.6 percent on a not-seasonally-adjusted basis in March following gains of 1.9 percent in February and 2.9 percent in January. However, from a year ago, apparel prices are off 2.5 percent.
The Consumer Price Index, which includes everyday purchases as well as infrequently purchased, big-ticket items and contractually fixed items, rose 0.7 percent on a not-seasonally-adjusted basis in March. Over the past year, the Consumer Price Index is up 2.6 percent. The Consumer Price Index excluding food and energy rose 0.4 percent for the month (not seasonally adjusted) while the 12-month change came in at 1.6 percent.
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After seasonal adjustment, the CPI rose 0.6 percent in March while the core increased 0.3 percent for the month. Within the core, core goods prices were up 0.1 percent in March and are up 1.7 percent from a year ago while core services prices rose 0.4 percent for the month and are up 1.6 percent from a year ago. The rise in the core goods category was led by 0.6 percent increases in used vehicles and tobacco. On the core services side, significant increases came from motor vehicle insurance (up 3.3 percent for the month), transportation services (+1.8 percent), and motor vehicle maintenance services (+1.0 percent).
Energy prices continue to drive the Everyday Price Index higher in the early part of 2021. Like many measures of activity within the economy, some prices continue to be distorted by government restrictions on consumers and businesses. As restrictions are lifted and activity returns to normal, prices will begin to reflect true market forces.
Note: The Everyday Price Index for March is based on incomplete data due to restrictions on data collection by Bureau of Labor Statistics personnel because of the Covid-19 pandemic.
Will America-First News Outlets Make it to 2023?
Things are looking grim for conservative and populist news sites.
There’s something happening behind the scenes at several popular conservative news outlets. 2021 was bad, but 2022 is proving to be disastrous for news sites that aren’t “playing ball” with the corporate media narrative. It’s being said that advertisers are cracking down, forcing some of the biggest ad networks like Google and Yahoo to pull their inventory from conservative outlets. This has had two major effects. First, it has cooled most conservative outlets from discussing “taboo” topics like Pandemic Panic Theater, voter fraud, or The Great Reset. Second, it has isolated those ad networks that aren’t playing ball.
Certain topics are anathema for most ad networks. Speaking out against vaccines or vaccine mandates is a certain path to being demonetized. Highlighting voter fraud in the 2020 and future elections is another instant advertising death penalty. Throw in truthful stories about climate change hysteria, Critical Race Theory, and the border crisis and it’s easy to understand how difficult it is for America-First news outlets to spread the facts, share conservative opinions, and still pay the bills.
Without naming names, I have been told of several news outlets who have been forced to either consolidate with larger organizations or who have backed down on covering certain topics out of fear of being “canceled” by the ad networks. I get it. This is a business for many of us and it’s not very profitable. Those of us who do this for a living are often barely squeaking by, so loss of additional revenue can often mean being forced to make cuts. That means not being able to cover the topics properly. Its a Catch-22: Tell the truth and lose the money necessary to keep telling the truth, or avoid the truth and make enough money to survive. Those who have chosen survival simply aren’t able to spread the truth properly.
We will never avoid the truth. The Lord will provide if it is His will. Our job is simply to share the facts, spread the Gospel, and educate as many Americans as possible while exposing the forces of evil.
To those who have the means, we ask that you please donate. We have options available now, but there is no telling when those options will cancel us. We have our GivingFuel page. There have been many who have been canceled by PayPal, but for now it’s still an option. Your generosity is what keeps these sites running and allows us to get the truth to the masses. We’ve had great success in growing but we know we can do more with your assistance.
Thank you, and God Bless!
JD Rucker
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