Seeing Alpha (November 10)
2021/ 11/ 11 by jd in Global News
“CPI came in red-hot again, up 0.9% month-over-month and 6.2% year-over-year, showing broad-based increases. The biggest contributors to price gains were energy, rent, food, and used cars and trucks.” As a result, “real average hourly earnings for American workers are down 1.2% year-over-year. Not exactly what we’re hoping to see.”
Tags: CPI, Earnings, Energy, Food, Price gains, Red-hot, Rent, Trucks, U.S., Used cars, Workers
