Washington Public Sector Labor Negotiations Blog
Trends and Developments Concerning Washington Public Labor Contracts
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:
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:
By Jim Cline
In our past two newsletters, we’ve discussed the continuation of higher-than-expected inflation. Those articles identified the prediction by economists earlier this year for the mid-year 2023 national inflation to subside to 3.6% and our doubts that those predictions will materialize. We are now expecting the June CPI numbers to be closer to 5% nationally and higher for the Seattle indices.
