Consumers squeezed as inflation outpaces pay - East Valley Tribune: Business

Consumers squeezed as inflation outpaces pay

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Posted: Friday, January 15, 2010 11:11 am | Updated: 3:48 am, Sat Oct 8, 2011.

WASHINGTON — American families were squeezed last year as their inflation-adjusted weekly wages fell 1.6 percent - the sharpest drop since 1990 - even as consumer prices rose only modestly.

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