Inflation in the United States has been staying low even as gas prices continue to rise. The consumer price index – the primary indicator of inflation – rose just 0.3 percent in March, according to the United States Labor Department. When one excludes food and gas, “core” inflation is up just 0.2 percent for the month.
For the 12 months ending in March, inflation was just 2.7 percent, which is more than a full percentage point lower than the 3.9 percent year-over-year inflation seen at this time last year. The low inflation is good news for those worried that government spending and Federal Reserve monetary activities might cause high inflation, and also good news for workers whose paychecks are not rising and thus cannot easily handle major price increases.
If you or someone you love has been injured or killed on the job, you should promptly call our Boston, MA personal injury lawyer professionals and Massachusetts worker’s compensation benefits attorney specialists at the Law Offices of Gilbert R. Hoy, Jr. and Affiliates at 617-787-3700 or email our expert Massachusetts attorney law firm at gilhoylaw@hotmail.com. Our Boston personal injury lawyer professionals and Boston, MA worker’s compensation lawyer advocates are here to help you, and will work tirelessly to get you the Massachusetts worker’s compensation benefits and personal injury damages you deserve under Massachusetts law.
Call our Boston, MA law firm today at 617-787-3700. Your needs are our top priority!
