CATO Institute’s Goodspeed on CPI Data: ‘There Go Real Wages for the Month of April’
‘The bottom line is this is a broadening inflation problem when you look at any survey of businesses, any survey of households’
EXCERPT:
GOODSPEED: "Look, I have a couple of initial reactions. One is, there go real wages for the month of April. The second reaction is that there were some transitory factors that were actually bringing this number down. I'm looking at used cars which were down 0.4 of a percentage point.”
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