Tag: CPI
Introduction In June, the U.S. Bureau of Labor Statistics (BLS) announced the largest 12-month increase in the Consumer Price Index for All Urban Consumers (CPI-U) since 1981 – a rate of 9.1 percent. The rise in inflation was driven primarily by higher prices for gasoline, housing, and food. Although inflation has moderated somewhat, it st…
The headline on a January blog asked, “How Long Can Wages Outrun Inflation?” Now we have our answer. Inflation is increasing two times faster than private-sector wages, according to the Federal Reserve Bank of St. Louis’s handy website. As of June 1, the Consumer Price Index had surged by 9.1 percent compared with the index…
