Relevant and even prescient commentary on news, politics and the economy.

Consumer inflation lessens in December

Consumer inflation lessens in December; real wages increase, but a consumer slowdown remains likely Consumer prices increased 0.5% in December, a deceleration from the past several months. But this is still well above the typical monthly increase in prices pre-pandemic:  On a YoY basis, at 7.1% consumer inflation is the highest since the big Reagan […]

Real wages decrease sharply – at least, if you include used vehicle prices

Real wages decrease sharply – at least, if you include used vehicle prices As I pointed out yesterday, the big increase in inflation over the past few months has made the YoY change in real wages for nonsupervisory workers negative. Let’s take a little closer look. Here is a graph of wages for nonsupervisory workers […]

Real wages decline, but real aggregate wages increase

Monthly consumer inflation rate increases by most in 10 years; real wages decline, but real aggregate wages increase  – by New Deal democratSeasonally adjusted consumer prices rose 0.6% in March. This was the biggest single month gain since June 2009, coming out of the Great Recession: Leaving aside the pandemic, since the 1980s recessions have only […]