Wages, CPI Up in June

( Categories : Wages )
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.