Tag: CPI

Balancing Stones

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…

Inflation at the grocery store

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…