Thanks, Fed Economists: Inflation Surges Yet Again As Real Wages Drop – OpEd

By Ryan McMaken*

The US Bureau of Labor Statistics released new Consumer Price Index data this morning, and it shows price inflation in May surged at the fastest rate since 1981. The overall CPI showed prices increased last month at a rate of 8.6 percent, year over year. That’s nearly a forty-one-year high—the highest...