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.
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 »
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