The federal government’s Bureau of Labor Statistics (BLS) released new price inflation data today, and according to the report, price inflation during the month decelerated slightly, coming in at the lowest year-over- year increase in fifteen months. According to the BLS, Consumer Price Index (CPI) inflation rose 6.5 percent year over year during December, before seasonal adjustment. That’s the twenty-second month in a row of inflation above the Fed’s arbitrary 2-percent inflation target, and it’s fifteen months in a row of price inflation above 6.0 percent.
Real Wages Fall for the Twenty-First Month as Rent and Food Prices Keep Rising
| Source: | Ludwig Von Mises Institute |
| Published: | Jan 13, 2023 |
| Author: | Ryan McMaken |
| Post Date: | 2023-01-13 02:09:18 by Charles_Byrd |
| Views: | 212 |