- Consumer prices rose in 2007 at the fastest pace in 17 years as motorists paid a lot more for gasoline and grocery shoppers paid higher food bills.
- Both energy and food prices jumped by the largest amount since 1990.
- Prices were also up sharply for health care, housing and education.
- Workers’ wages failed to keep up with the higher inflation. Average weekly earnings, after adjusting for inflation, dropped by 0.9 percent in 2007, the fourth decline in the past five years.
- Unemployment jumped from 4.7 percent in November to 5 percent in December, the biggest one-month increase since the aftermath of the 2001 terrorist attacks.
- The 4.1 percent increase in overall prices last year was the biggest since a 6.1 percent jump in prices in 1990.
- Overall energy costs rose by 17.4 percent this past year while food costs rose by 4.9 percent. Both were the biggest increases since 1990.
- Gasoline prices were up 29.6 percent, the biggest increase since they soared by 30.1 percent in 1999.
Thoughts, anecdotes, amusing stories, and all sorts of interesting things, brought to you by Paige (that’s me). Void where prohibited. Warning: Sometimes I display an unhealthy obsession watching USA Softball’s Cat Osterman. Check out my photos on Flickr.
Thursday, January 17, 2008
Here's What GOP Policies Have Done To This Country
Blue Texan at Firedoglake:
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