3 ms·
Wages have increased more rapidly than food CPI. https://research.stlouisfed.org/fred2/graph/?g=1yYT https://research.stlouisfed.org/fred2/graph/?g=1yYT Case-
by yummyfajitas 11y ago
Wages have increased more rapidly than food CPI.
https://research.stlouisfed.org/fred2/graph/?g=1yYT https://research.stlouisfed.org/fred2/graph/?g=1yYT
Case-Shiller is an investment index, not a consumption one. You might as well say "look, S&P has gone up, everything is more expensive!"
In fact, wages have increased relative to the cost of housing (i.e., rent or owner equivalent rent) also.
https://research.stlouisfed.org/fred2/graph/?g=1yYW https://research.stlouisfed.org/fred2/graph/?g=1yYW