Latest CPI: inflation increases to 9.1%
07-13-2022 | 05:47 AM
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Latest CPI: inflation increases to 9.1%
Consumer Price Index Summary
Transmission of material in this release is embargoed until
8:30 a.m. (ET) July 13, 2022 USDL-22-1470
Technical information: (202) 691-7000 * [email protected] * www.bls.gov/cpi
Media Contact: (202) 691-5902 * [email protected]
CONSUMER PRICE INDEX - JUNE 2022
The Consumer Price Index for All Urban Consumers (CPI-U) increased 1.3 percent in June on a
seasonally adjusted basis after rising 1.0 percent in May, the U.S. Bureau of Labor Statistics
reported today. Over the last 12 months, the all items index increased 9.1 percent before seasonal
adjustment.
The increase was broad-based, with the indexes for gasoline, shelter, and food being the largest
contributors. The energy index rose 7.5 percent over the month and contributed nearly half of the
all items increase, with the gasoline index rising 11.2 percent and the other major component
indexes also rising. The food index rose 1.0 percent in June, as did the food at home index.
The index for all items less food and energy rose 0.7 percent in June, after increasing 0.6
percent in the preceding two months. While almost all major component indexes increased over the
month, the largest contributors were the indexes for shelter, used cars and trucks, medical care,
motor vehicle insurance, and new vehicles. The indexes for motor vehicle repair, apparel,
household furnishings and operations, and recreation also increased in June. Among the few major
component indexes to decline in June were lodging away from home and airline fares.
The all items index increased 9.1 percent for the 12 months ending June, the largest 12-month
increase since the period ending November 1981. The all items less food and energy index rose 5.9
percent over the last 12 months. The energy index rose 41.6 percent over the last year, the
largest 12-month increase since the period ending April 1980. The food index increased 10.4
percent for the 12-months ending June, the largest 12-month increase since the period ending
February 1981.
Transmission of material in this release is embargoed until
8:30 a.m. (ET) July 13, 2022 USDL-22-1470
Technical information: (202) 691-7000 * [email protected] * www.bls.gov/cpi
Media Contact: (202) 691-5902 * [email protected]
CONSUMER PRICE INDEX - JUNE 2022
The Consumer Price Index for All Urban Consumers (CPI-U) increased 1.3 percent in June on a
seasonally adjusted basis after rising 1.0 percent in May, the U.S. Bureau of Labor Statistics
reported today. Over the last 12 months, the all items index increased 9.1 percent before seasonal
adjustment.
The increase was broad-based, with the indexes for gasoline, shelter, and food being the largest
contributors. The energy index rose 7.5 percent over the month and contributed nearly half of the
all items increase, with the gasoline index rising 11.2 percent and the other major component
indexes also rising. The food index rose 1.0 percent in June, as did the food at home index.
The index for all items less food and energy rose 0.7 percent in June, after increasing 0.6
percent in the preceding two months. While almost all major component indexes increased over the
month, the largest contributors were the indexes for shelter, used cars and trucks, medical care,
motor vehicle insurance, and new vehicles. The indexes for motor vehicle repair, apparel,
household furnishings and operations, and recreation also increased in June. Among the few major
component indexes to decline in June were lodging away from home and airline fares.
The all items index increased 9.1 percent for the 12 months ending June, the largest 12-month
increase since the period ending November 1981. The all items less food and energy index rose 5.9
percent over the last 12 months. The energy index rose 41.6 percent over the last year, the
largest 12-month increase since the period ending April 1980. The food index increased 10.4
percent for the 12-months ending June, the largest 12-month increase since the period ending
February 1981.
Year over year inflation has increased to 9.1% according to the latest CPI, released today.
Despite attempts from the fed to curb inflation, it looks like inflation is still accelerating, potentially negating even more of the proposed TA pay raises.
Might be worthwhile to consider this new data for any voters still undecided.
07-13-2022 | 05:54 AM
#2
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https://www.bls.gov/news.release/cpi.nr0.htm
Year over year inflation has increased to 9.1% according to the latest CPI, released today.
Despite attempts from the fed to curb inflation, it looks like inflation is still accelerating, potentially negating even more of the proposed TA pay raises.
Might be worthwhile to consider this new data for any voters still undecided.
Year over year inflation has increased to 9.1% according to the latest CPI, released today.
Despite attempts from the fed to curb inflation, it looks like inflation is still accelerating, potentially negating even more of the proposed TA pay raises.
Might be worthwhile to consider this new data for any voters still undecided.
Don’t believe it can’t be done. The company hasn’t stopped flying because fuel costs more than it did 6 months ago, they simply pay the price and press on.
07-13-2022 | 06:06 AM
#3
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https://www.bls.gov/news.release/cpi.nr0.htm
Year over year inflation has increased to 9.1% according to the latest CPI, released today.
Despite attempts from the fed to curb inflation, it looks like inflation is still accelerating, potentially negating even more of the proposed TA pay raises.
Might be worthwhile to consider this new data for any voters still undecided.
Year over year inflation has increased to 9.1% according to the latest CPI, released today.
Despite attempts from the fed to curb inflation, it looks like inflation is still accelerating, potentially negating even more of the proposed TA pay raises.
Might be worthwhile to consider this new data for any voters still undecided.
VOTE NO and get that yes vote changed to no if you haven't already done that..
07-13-2022 | 06:49 AM
#4
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Joined: Nov 2009
Posts: 5,508
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That right there wipes out the entire TA pay rate gains…. Never mind the previous 5 years.
But the MEC will say “core inflation” because they think you’re too stupid to notice the price of your groceries, gas, energy etc.
But the MEC will say “core inflation” because they think you’re too stupid to notice the price of your groceries, gas, energy etc.
07-13-2022 | 07:01 AM
#5
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ALPA is to stupid to even know what inflation is. Just be happy with those crumbs we toss your way while we enjoy our pensions your dues money provides us. Unfortunately way to many pilots are just as stupid as ALPA and drink their BS without question. Almost hope this TA passes so the pilots just might one day wake up and realize just how bad they have been played.
07-13-2022 | 07:02 AM
#6
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From: Killin' Natsees
I really don’t know why it is so hard for us to have a pay rate that takes into account cost-of-living issues. Nearly every other single larger employer out there has annual pay reviews, and/or provides cost-of-living pay increases. Typically you get an annual pay raise for service, which we do based on annual step increases to the contractual limit, 12 years or whatever.
On top of that, many employers offer pay increases based on CPI, usually rounded down to the nearest whole or half percent. 3.2% increase in CPI? You get a 3% pay hike. 4.8% increase? Ok, you get a 4.5% hike. CPI flat, say less than 1%? Maybe you get nothing other than your annual step increase, or a .5% hike. Not difficult.
Our corporate execs are on the record saying we’re doing great, we’ve been able to raise our ticket prices in step with the increases in costs, the public is willing to pay for more expensive tickets, etc. So if the company can increase the cost of tickets, why can’t we get a reasonable pay raise that doesn’t move us backwards?
How many c-suiters are making less today after inflation? I recall something about a $4 MILLION retention bonus, for crying out loud.
On top of that, many employers offer pay increases based on CPI, usually rounded down to the nearest whole or half percent. 3.2% increase in CPI? You get a 3% pay hike. 4.8% increase? Ok, you get a 4.5% hike. CPI flat, say less than 1%? Maybe you get nothing other than your annual step increase, or a .5% hike. Not difficult.
Our corporate execs are on the record saying we’re doing great, we’ve been able to raise our ticket prices in step with the increases in costs, the public is willing to pay for more expensive tickets, etc. So if the company can increase the cost of tickets, why can’t we get a reasonable pay raise that doesn’t move us backwards?
How many c-suiters are making less today after inflation? I recall something about a $4 MILLION retention bonus, for crying out loud.
07-13-2022 | 07:08 AM
#7
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For you pilot math geniuses out there, this TA never had a " raise " in to start with. A real raise outpaces inflation. No matter how many cute colorful charts ALPA puts out this TA was and is concessionary. ALPA is blatantly lying to its membership and its time the pilots hold them accountable for it.
07-13-2022 | 07:18 AM
#8
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Time to build in an inflation offset. Exactly what that should be can be argued. That there shoukd be SOME offset seems self evident.
Don’t believe it can’t be done. The company hasn’t stopped flying because fuel costs more than it did 6 months ago, they simply pay the price and press on.
Don’t believe it can’t be done. The company hasn’t stopped flying because fuel costs more than it did 6 months ago, they simply pay the price and press on.
07-13-2022 | 07:33 AM
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many employers offer pay increases based on CPI, usually rounded down to the nearest whole or half percent. 3.2% increase in CPI? You get a 3% pay hike. 4.8% increase? Ok, you get a 4.5% hike. CPI flat, say less than 1%? Maybe you get nothing other than your annual step increase, or a .5% hike.
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