Daily Economic Update

Hey, clothing costs less!  That’s the good news.  Everything else is quite bleak.

Sticker Shock: Bread Prices Up 14.7 Percent, Milk Prices Up 13.3 Percent

Consumer prices pushed higher last month as increases in energy, food and airline tickets overwhelmed the biggest drop in clothing prices in nearly a decade. The Labor Department reported Wednesday that consumer prices rose 0.3 percent in March after being unchanged in February. Core inflation, which excludes food and energy, posted a [...]

Just downright frightening:

Middle Class Squeeze

Some pretty intense statistics I picked up from a speech I heard this weekend from Harvard professor Elizabeth Warren: Decline in annual median family income from 2001 to 2007: $1,146. Average yearly increase in inflation adjusted dollars over the same period of time for annual spending on the following items: [...]

Technorati Tags: Consumer Prices, Economy, Food Prices, Energy Prices