Page 48 - 7 1 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Pay increase of such magnitude is unsustainable into 2023—24. but the argument should be that inflation is expected to come down and therefore perhaps public sector wages don't need to get —— go up as much in order to keep up with inflation and secondly of course the treasury would recoup some of those wage increases in the way of higher taxes paid back to the treasury.— of higher taxes paid back to the treasu . ,, ., ., ~ the treasury. 0k, swetha, thank ou. to the treasury. 0k, swetha, thank yom to get _ the treasury. 0k, swetha, thank yom to get your _ the treasury. 0k, swetha, thank...

Commentary and interviews about the day's news.

Of inflation. can you explain that? >> the numbers came out softer than expected. but you're still running 7.1% year on year. that's a big number as you suggest. the fed's target is 2%. so you're more than three times the far get rate. and i heard president biden mention food prices. food prices are still up, sean, 11%. those are grocery prices. food prices in restaurants are also about the same. so you've got temporary low energy prices, although they're still 10, 12% above where they were a year ago. unfortunately we still have an inflation problem. will take awhile. what you were talking ab...

At the top their children, kennedy and easton. >> it's trying to find the best deal right now and trying to find the best price. >> reporter: to get the most out of the season of high prices they started planning in the summer. >> turn it this way. >> reporter: and agreed not to buy each other presents. >> i feel like every time we make a purchase, we put in so much more thought. where are we getting our gas? where are we getting our groceries? >> reporter: inflation pressure that a new government report says inflation is easing. >> in a world where inflation is rising and double digits in man...

Inflation. can we say inflation has peaked here? >> good morning. thanks for having me on. it's certainly looking that way, and i agree with you. i agree with the markets. tvs good-- it was good news yesterday siegeeing the cpi was working. certainly still too high but the fact that inflation overall has come down and even more importantly for me, that core factor which is stickier and more indicative of where prices are heading and where they're likely to stay. that core component also slowed more than expected from 6.3% to 6.1%. both top line and core have peaked. >> if you told me a couple ...