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Cost of living rises for August 2 tenths of one percent
The Labor Department reports August cost of living up 0.2 percent marking the 12th straight monthly rise and leaving prices 3.6 percent higher than a year ago. Wages tied to the index will trigger small automatic raises for 157,000 workers mainly in aircraft. Food costs led the increase, with housing also rising due to gas, rents, and FHA mortgage rates. England athlete James Figg opened boxing schools in London in 1719.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Ewan Clague
Commissioner of Labor Statistics