Impact of June CPI Numbers on Contract Negotiations

Impact of June CPI Numbers on Contract Negotiations

By Jim Cline and Kate Kremer

In the last newsletter, we reported on the Bureau of Labor Statistics release of the June CPI numbers. As was noted, over the past 4 months the CPI has slid dramatically, although the Seattle numbers remain high by historic standards and substantially outpace the national CPI indices. The June CPI-W numbers are reflected in this graph:

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2023 Population Numbers Released by OFM

2023 Population Numbers Released by OFM

By Jim Cline and Kate Kremer

City and County April 1 annual population estimates are released the beginning of July by the Office of Financial Management Forecasting and Research Division

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Key June CPI Report: Significant Drop in CPI although Seattle Numbers Still Far Outpace the National Numbers

Key June CPI Report:  Significant Drop in CPI although Seattle Numbers Still Far Outpace the National Numbers

By Jim Cline and Kate Kremer

The Bureau of Labor Statistics released the June CPI Numbers on July 12. Both the Seattle and All Cities CPI numbers dropped significantly, although the Seatle numbers continue to notably outpace the national indices. This graph shows the relative numbers over the past 12 months and to date for the “W” index:

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