Reveille & Hyperbole
Consumer Price Index: April 2008
The Consumer Price Index for All Urban Consumers increased 0.6 percent in April, before seasonal adjustment, the Bureau of Labor Statistics of the U.S. Department of Labor reports. The April level of 214.823 (1982-84=100) was 3.9 percent higher than in April 2007. The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) increased 0.7 percent in April, prior to seasonal adjustment. The
April level of 210.698 (1982-84=100) was 4.2 percent higher than in April 2007.
The Chained Consumer Price Index for All Urban Consumers increased 0.5 percent in April on a not seasonally adjusted basis. The April level of 123.845 (December 1999=100) was 3.5 percent higher than in April 2007.
Real Earnings in April 2008
Real average weekly earnings fell by 0.5 percent from March to April after seasonal adjustment, according to preliminary data released by the Bureau of Labor Statistics of the U.S. Department of Labor. A 0.1-percent increase in average hourly earnings was offset by a 0.3-percent decrease in average weekly hours and a 0.2-percent increase in CPI-W.
Average weekly earnings rose by 3.1 percent, seasonally adjusted, from
April 2007 to April 2008. After deflation by the CPI-W, average weekly earnings decreased by 1.0 percent. Before adjustment for seasonal change and inflation, average weekly earnings were $599.65 in April 2008, compared with $588.50 a year earlier.
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On June 1, Polly Tasker will officially take over the responsibilities of Carrie Baggs, who is retiring. Be sure to send Polly your company news for inclusion in the Bugler and add her to your contact list her .