Dec. 17 (UPI) -- Economic markers say inflation has slowed and steadied since 2023 but consumers are still feeling the effects of high costs of living.
Americans continue to feel the squeeze of high prices and wages that are not keeping up, Dr. Kathleen Mulligan, director of labor leadership initiatives at Cornell University School of Industrial and Labor Relations, told UPI.
"For the most part things are getting worse," she said. "We're seeing increased costs. What we know from decades of work is that people know when they don't have enough money. That's not something you can try to convince people they do have enough money when they don't."
The Consumer Price Index report from September, a government-reported index that measures the average change in prices paid for goods and services, showed that costs are up 3% over September 2024. This follows a fairly steady trend dating back to 2024.
The federal government usually publishes economic reports like the CPI monthly but reports have been delayed due to the record 43-day government shutdown.
