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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CPI Trends and the Impact on Negotiations Results

CPI Trends and the Impact on Negotiations Results

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.

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