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Compared to one year ago, every category of goods and services has increased except for one deflationary item: “Utility (piped) gas service,” which has decreased by 2.2% from October 2011. As I reported recently, natural gas futures prices for the month of November are the lowest in ten years, so the decline in natural gas prices for consumers is likely to continue through the winter.
MM-> This must be why the evil people at Columbia Gas sent me a letter ask me to lock in at current prices for the next 14 months.
"CARPE DIEM: CPI Factoid of the Day: Natural Gas Prices -2.2%
