inflation

Armand Biroonak's picture

CAF STAFF

Inflation Report Confirms Cost of Living Rise

The Labor Department reports a new inflation rate of 5.4 percent for the 12 months ending in August.

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Alex Carter's picture

CAF STAFF

Surging oil and food prices fuel global inflation

afp.google.com — Soaring oil and food prices lifted inflation to record levels in Europe on Wednesday and posed a serious threat to governments worldwide amid expert warnings of social upheaval.

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More Stress for Households Deep in Debt

The Bureau of Labor Statistics reported today that average seasonally adjusted weekly wages fell another -0.5 percent behind consumer price increases in January, with wages now able to buy -1.4 percent less than they did one year ago. This chart illustrates the impact. more »