Inflation surge: Here to stay?

[raccoon]

By Ron Scherer, Staff writer of The Christian Science Monitor
Thu Oct 13, 4:00 AM ET



NEW YORK - If it feels like money is flowing out of your pocket, it isn't your imagination.

In the wake of the hurricanes, the cost of living across the nation is skyrocketing.

• In Ft. Lauderdale, Fla., Jerry's Café is telling customers it will raise breakfast prices by 10 percent.

• It used to cost Jacques Stambouli of Via Trading $650 to move a truckload of goods from Reno to Los Angeles. Today? $750. He's passing the hike on to consumers.

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Despite the sharp increase in energy prices, Reaser points out that they represent just 8 percent of the CPI.

http://news.yahoo.com/s/csm/20051013/ts_csm/ainflation_...

What in the world is the logic behind that? ENERGY PRICES represent 8 percent of the CPI?

Also in this article, an executive of Salary.com in Boston estimates that the average worker will receive a 3.7 percent raise.

What planet is this guy living on?