Rising U.S. Consumer Prices Are Eroding Wage Gains

In Business

WASHINGTON—Rising living costs are eating up almost all of Americans’ wage gains, clouding the economy’s long-term outlook.

Consumer prices—everyday expenses such as groceries and dental care—rose 0.2% in July, the Labor Department said Friday. Core prices, which strip out food and energy costs, also increased 0.2%. Higher housing costs—reflecting rent and mortgage payments—accounted for most of last month’s increase.

The…

[ktzagcplugin_video]

[ktzagcplugin_text source=”bing” number=”4″ related=”true”]

Source link

Apple could still buy Tesla
Apple could still buy Tesla
Apple CEO Tim Cook. AP The circus

Top