Every day there are reports that show the cost of living in certain categories far exceeds the Consumer Price Index. Medical costs, energy costs (despite the recent reduction in gasoline prices), college costs, clothing, pharmaceuticals, airline fares, processed foods at the grocery store, fresh vegetables, rents, the cost of monthly payments to Medicare, and many other items far exceed what the government says is the increase in living costs.
I cannot believe the government's indices are correct, because these make up the greater part of the total cost of living. Since many increases, including Social Security, wages, pensions and other incomes, are predicated on what the CPI shows, if the items used and the final result are inaccurate, then much of the public is caught in a financial bind beyond what the government is willing to admit.
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