Consumer Prices Rose 0.1% In Dec., 2.7% For Year; But Earnings Dipped : The Two-Way Prices didn't rise much last year, but earnings dipped.
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Consumer Prices Rose 0.1% In Dec., 2.7% For Year; But Earnings Dipped

Inflation remained in check last month, the Bureau of Labor Statistics just reported, as consumer prices rose just 0.1% from November. For the year, prices rose 2.7%.

But BLS also just reported that:

Real average hourly earnings did not change from November to December. ... Since reaching a recent high point in December 2008, real average weekly earnings have fallen by 1.6%.

So, prices didn't rise very much last year — but wages declined. Not a good combination.

Planet Money follows the economy here.