Did you get an increase in wages in June?

by SamCogar Tue Jul 14, 2009 12:02 pm

You needed one just to keep even.

WASHINGTON - Wholesale prices took a bigger-than-expected leap in June, rising the most since November 2007, led by more expensive energy products.

The 1.8 percent jump in the Producer Price Index, which tracks the costs of goods before they reach store shelves, came after wholesale prices rose 0.2 percent in May, the Labor Department reported Tuesday. Economists expected a 0.9 percent gain last month.

http://www.msnbc.msn.com/id/31903494/ns/business-stocks_and_economy/

If not, then you spent more of your money to buy the same thing you bought in May.

WASHINGTON - Retail sales advanced in June by the largest amount in five months, led by a surge in gasoline prices and a slight rebound in the battered auto sector.

The Commerce Department said Tuesday that retail sales rose 0.6 percent last month, better than the 0.4 percent gain that economists had expected. It marked the second consecutive increase and boosted hopes that the economy may be on the verge of a rebound.

http://www.msnbc.msn.com/id/31904231/ns/business-retail/