The NewStandard ceased publishing on April 27, 2007.

Wages fall as prices rise

by C.P. Pandya

June 15, 2004 – People in the U.S. paid more for food, energy and other consumer goods in May than in any other month over the past three years, the Labor Department reported. The Consumer Price Index, which is federal measure of inflation, rose by 0.6 percent - a jump not seen since January 2001, when the recession officially began. At the same time, the Labor Department said, weekly wages for U.S. workers in May fell by 0.4 percent, making it harder to afford the rising price of gas, milk and eggs.

Send to Friends Respond to Editors or Reporter

The NewStandard ceased publishing on April 27, 2007.


C.P. Pandya is a contributing journalist.

Recent contributions by C.P. Pandya:
more