Recent data from the Bureau of Labor Statistics shows the cost of living continues to outpace earnings, leaving many Americans struggling to make ends meet.

The dynamic is reflected in the chart below, which shows low-income inflation increases outpacing those for the other four quintiles since 2006, and over a nearer-term timeframe. From the end of 2005 through June 2024 — the latest available data — the lowest-income cohort saw prices increase 64%,

How much has rising inflation since 2020 cost you? While Iowans need to spend more to maintain their standard of living, wages have also increased.

And all this productivity is why wage growth keeps beating inflation, said Betsey Stevenson, a professor of economics at the University of Michigan. “Real wage growth has to come from productivity growth. Because we’re doing more with less, we get more in the end,” she said.

The Consumer Price Index report for January is expected to show broadly unchanged annual inflation according to nowcasts. That may be broadly good news for the Fed.

Economists like me rely on data from federal data collection agencies like the Bureau of Labor Statistics (BLS) and the Bureau of Economic Analysis (BEA). They provide critical data on

According to BLS, natural gas prices in the metro Atlanta area were up almost 15% while gasoline rose nearly 4%, though electricity costs fell 2.1%. The next look at the Atlanta area’s price trends will be published in March.

Measuring key aspects of a nation’s economy is important, but the metrics used are often misunderstood by many. Quantifying output of goods and services, price levels, and labor use provides

SYDNEY (Reuters) -Australian consumer prices rose at the slowest pace in almost four years in the December quarter, while a pullback in housing costs helped cool core inflation and open the door to a cut in interest rates as early as next month.

The shadow treasurer has criticised the government for celebrating a fall in inflation when Australians are still feeling hip-pocket pain. Follow live.

Gallup’s annual Economy and Personal Finance poll found that, in 2024, respondents named inflation as the most important financial problem they face today. And despite some optimism that the economy will soon improve, a 2025 Allianz Life study found that 60% of Americans believe inflation will get worse this year.