Wages, CPI Up in June
Real average weekly wages rose by 0.5 percent from May to June after seasonal adjustment, while consumer prices as measured by the Urban Wage Earners and Clerical Workers index (CPI-W) increased 0.1 percent in June prior to seasonal adjustment, reports the Bureau of Labor Statistics. According to the wage report, average weekly earnings rose by a seasonally adjusted 3.9 percent from June 2006 to June 2007. The CPI-W was 2.7 percent higher than June of last year, according to the Consumer Price Index report for June.