Rising U.S. Consumer Prices Are Eroding Wage Gains

0
7

news image

A humming U.S. economy is pushing inflation up to levels that the central bank considers healthy. But there’s a downside: Americans’ paychecks are barely keeping up.

Consumer prices rose 2.9% over the past year, a rate last exceeded in late 2011, the Labor Department said Friday. Core prices—those outside of volatile food and energy-related expenses—climbed 2.4%, the biggest annual gain since September 2008.

The…

Read More

This site uses Akismet to reduce spam. Learn how your comment data is processed.