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Articles on Consumer price index (CPI)

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A big increase in use car prices drove the inflation rate higher in April. AP Photo/David Zalubowski

Why the inflation rate doesn’t tell the whole story – all it takes is a spike in a category like used cars to cause consumer prices to soar

The average price of US goods and services surged in April, leading some to worry the economy is beginning to experience dangerously high levels of inflation. A scholar explains why that’s unlikely.
Supporters outside the offices of the Fair Work Commission in Melbourne on Friday, June 1, 2018 after it lifted the minimum wage by 3.5% JOE CASTRO/AAP

The false hope offered by talk of a living wage

Granting low-wage workers a “living wage” instead of a minimum wage is far from costless, and there are much better ways of helping people genuinely in need.

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