According to this article on MSNBC.com, the average salary range increase for this year is 3.5%. This doesn’t exactly keep up with the government’s released figures of 5.2% CPI-U inflation rate. Essentially, the average salary worker is losing $17 per $1000 earned to inflation this year. For someone making $40,000/year that translates to a loss…
Month: June 2006
Inflation!
Holy cow! According to the latest inflation report http://www.bls.gov/news.release/cpi.nr0.htm , inflation is growing at 5.2% but what is truly scary is that these are government manipulated numbers that have “substitution”, “exclusions”, and other “anomolies.” As a general rule, always had 20% to government numbers so you really get inflation growing at least 6.25%! What are…