The good news: the cost of living is decreasing, or at least isn’t increasing. The bad news: Colorado is the first state to actually decrease its minimum wage, from $7.28 to $7.24, and Social Security recipients will not be receiving their routine cost-of-living adjustment, or COLA for 2010.
Grab your nearest economist and hold them tight, prices are falling. The Labor Department says that the obsessed-over Consumer Price Index fell 0.4 percent for the year — the first annual drop since 1955.
The New York Times made a pretty cool graph out of the Consumer Price Index, which tracks changes in prices for many consumer goods over the past year. Turns out, gas prices went up.
With feverish paws, we unsheathed the latest Consumer Price Index report (C.P.I.), released this morning, from its brown package. Flipping quickly to the middle our eyes roamed over Ms. January C.P.I.’s rising crests of .8%.