• Early Look at 2019 Cost-Of-Living Adjustments and Maximum Contribution Base

    2 monthes ago - By Calculated Risk

    The BLS reported this morning:
    The Consumer Price Index for Urban Wage Earners and Clerical Workers increased 3.2 percent over the last 12 months to an index level of 246.155. For the month, the index was unchanged prior to seasonal adjustment. CPI-W is the index that is used to calculate the Cost-Of-Living Adjustments. The calculation dates have changed over time , but the current calculation uses the average CPI-W for the three months in Q3 and compares to the average for the highest previous average of Q3 months. Note: this is not the headline CPI-U, and is not seasonally adjusted .
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  • In America, wage growth is getting wiped out entirely by inflation

    In America, wage growth is getting wiped out entirely by inflation

    2 monthes ago - By Washington Post

    Pay is up 2.7 percent in the past year, while the cost of living is up 2.9 percent, the Labor Department reported Friday.
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  • Consumer prices up 2.9 pct, leaving Americans worse off

    2 monthes ago - By Chron

    WASHINGTON - Consumer prices climbed 2.9 percent in July from a year earlier, a rate of inflation that suggests Americans are earning less than a year ago despite an otherwise solid economy.
    The Labor Department said Friday that the consumer price index ticked up 0.2 percent in July. Annual inflation matched the 2.9 percent pace from June, which had been the highest level since February 2012. Core prices, which exclude the volatile food and energy categories, rose 0.2 percent in June and 2.4 percent from a year earlier.
    Most of July's increase in consumer prices came from higher housing...
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