October CPI Rises 0.4%, Core Up 0.3%: Real Hourly Earnings Flat as Wage Gains Are Offset by Prices
The U.S. Bureau of Labor Statistics (BLS) released its October data on November 10: the Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in October on a seasonally adjusted basis, with the shelter index rising and the index for all items less food and energy up 0.3 percent.
BLS also released the October real earnings figures the same day: real average hourly earnings for all employees were unchanged in October, as a 0.4 percent increase in average hourly earnings was offset by the 0.4 percent increase in the CPI-U. Real average weekly earnings were likewise unchanged.
The two releases together show consumer prices still climbing at a moderate pace in October, with nominal wage gains fully absorbed by inflation, leaving workers' purchasing power flat for the month.
(Source: U.S. Bureau of Labor Statistics)
Source: U.S. Bureau of Labor Statistics
Published by GSM · USA (original Chinese edition)
Photo: 图：美国劳工部总部 Frances Perkins 大楼。照片：ajay_suresh 摄，CC BY 2.0，经 Wikimedia Commons。 / Photo: The Frances Perkins Building, headquarters of the U.S. Department of Labor. Photo: ajay_suresh, CC BY 2.0, via Wikimedia Commons.
