Labor costs are still going up, but the rate is going down

Feb 1, 2024
Bureau of Labor Statistics data shows that 2023 saw a pullback in labor cost growth. That may keep the downtrend in inflation going.
The pace of wage growth pulled back last year, which could constrain price increases across the economy in 2024.
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Beveridge curve was behind the curve in linking employment, inflation

Feb 1, 2024
A strong job market alongside cooling price gains has economists debating a key model, Bloomberg's Enda Curran reports.
The Beveridge Curve looks at the relationship between unemployment and job openings. Many economists thought joblessness would have to rise for inflation to cool, but recently that hasn't been the case.
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What's the difference between the CPI and the PPI?

Jan 12, 2024
These measures of inflation track the prices consumers pay and the prices producers receive for their wares. But they don't always line up.
CPI and PPI measure different things, so the numbers don't always match up.
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Grocery prices rose 1.3% in the past year. How are shoppers feeling it?

Jan 11, 2024
Here's how some families are trying to economize when it comes to the food they buy to make at home.
With grocery prices up, families are finding ways to economize on the food they buy at the store.
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Inflation ticked up to 3.4% in December. How are wages doing?

Jan 11, 2024
Wage growth is slowing, and those at the top of the earnings spectrum have done better than those at the lower end.
“When wage growth was very hot, the job switchers could go get another job and get a pretty good increase," said Frank Fiorille at Paychex. "We’ve really seen that come off the boil.”
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If inflation slowed down in 2023, why is my grocery bill so high?

Jan 10, 2024
2023 was officially a very good year for the US economy: unemployment stayed near record lows, the markets were strong, and inflation came under control. So with all this good news, why does looking at the grocery bill still feel a little like getting poked with a cattle prod? 
Ranchers watch as cow prices are bid up at a cattle auction in Caldwell, Idaho.
Stacey Vanek Smith

The biggest global risks of 2024

Geopolitical conflicts persist, and a political war rages inside the U.S. as elections approach, observes Eurasia Group’s Ian Bremmer.
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After the long night of inflation, consumers finally expect to see the sun

Jan 8, 2024
Consumers forecast inflation at 3% a year from now, the lowest their short-term expectations have been in three years.
One reason consumers are feeling better about inflation is that major price hikes for essentials like gasoline and eggs appear to be in the past. But that doesn't mean prices will fall.
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Consumers are cranky though the economy is OK

Jan 8, 2024
Worries about inflation persist even as wages are rising but will consumer sentiment improve this year?
A portrait showing the sentiment of the modern American consumer.
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Streaming, housing, gas: How much did prices change in 2023?

Dec 29, 2023
Your monthly streaming bill and mortgage payment might have gone up, but gas and egg prices cooled down.
This has been “the least affordable year for homebuying on record," according to a report from Redfin.
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