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Consumer price inflation in the USA - 8.5%, with 32% for energy

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March 2022 was a successful month for consumer price inflation in the USA – 8.5% for the overall consumer price index, CPI. This is a result of pumping money into the US economy started two years ago. Trillions of dollars are now seen in the prices and the most aggressive growth was observed in consumer energy – 32% and food – 8.8%. Other expenditure categories demonstrate lower than average growth. Effectively, poor people are more prone to the energy and food components of the overall CPI growth since their budgets have larger shares of these two components. For them, inflation is much larger. Interestingly, the medical care price grew by 2.9% between March 2021 and March 2022. It seems that the linear growth of the medical price is still underway. Medicine does not depend on the economic state – it is decoupled from any perturbations in the real economy. 


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