Pay Raises Are Finally Beating Inflation After Two Years of Falling Behind
Pay Raises Are Finally Beating Inflation After Two Years of Falling Behind
If the trend persists, it gives Americans leeway to propel the economy through increased spending, which could help the U.S. skirt a recession.
Wages rise more than 4% while consumer prices increase 3%
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CPI does not include housing costs
12 0 ReplyThe CPI has been changed over and over to deliberately understate inflation. Hedonics and owners equivalent rent stand out particularly strongly
11 0 ReplyYet comparisons of methodologies show little difference.
3 0 ReplyRight, they did it for fun. Not to keep COLA low, or any other perverse incentive the government has.
1 0 ReplyThey published their reasons for methodology adjustments. But you've made up your mind regardless of the facts.
1 0 Reply
CPI doesn't include the data it includes now?
3 0 Reply