MicroWave@lemmy.world to

News@lemmy.world · 1 year ago

Pay Raises Are Finally Beating Inflation After Two Years of Falling Behind

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Pay Raises Are Finally Beating Inflation After Two Years of Falling Behind

MicroWave@lemmy.world to

News@lemmy.world · 1 year ago

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%

Archive link: https://archive.ph/gKfPr

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Baba_au_rhum@fedia.io
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1 year ago
CPI does not include housing costs
- Pogogunner@kbin.social
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  1 year ago
  The CPI has been changed over and over to deliberately understate inflation. Hedonics and owners equivalent rent stand out particularly strongly
  - ericjmorey@lemmy.world
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    1 year ago
    Yet comparisons of methodologies show little difference.
- ericjmorey@lemmy.world
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  1 year ago
  CPI doesn’t include the data it includes now?

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