Why Are Prices Falling As Wages Nudge Higher?
NPR
Thursday, February 26, 2015
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Saul Trana stands in the check-out line as he shops at a Walmart store on February 19, 2015 in Miami, Florida. The Walmart company announced Thursday that it will raise the wages of its store employees to $10 per hour by next February, bringing pay hikes to an estimated 500,000 workers. (Joe Raedle/Getty Images)
The Labor Department today reported that the Consumer Price Index, which measures how much Americans pay for various goods and services, fell in January from a year earlier, the first annual drop in five years. This comes as the economy is improving and wages are slowly growing. NPR’s Marilyn Geewax joins Here & Now’s to explain what’s happening.
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