Prices up 3.6% over the last year, wages up a paltry 0.8%. American’s lose 2.8% of their pay in the last year. Sad.
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Consumer prices rose 0.3% in December, higher than expected, pushing the annual rate to 3.4%
The consumer price index for December was expected to increase 0.2% on a monthly basis and 3.2% from a year ago, according to Dow Jones.
www.cnbc.com