A Consumer Price Index (CPI) that went up by just .6 percent during the past year hides a much larger increase in some grocery prices.…
How Covid-19 Affects the Cost of Living
Because a Covid-19 basket of goods and services has a different inflation rate from the CPI basket, the cost of living might not be what we think it is.…
Where It Costs the Most and Least to Live
While we see similar tastes and shopping patterns in the world’s most expensive cities, the reasons for a high and low cost of living vary.…
The World’s Most Expensive Bread
More than a number, the cost of living in the world’s most expensive cities is about bread and wine and who can afford to stay.…
Weekly Roundup: From Data Spies to Ivory Trackers
Our economic news summary ranges from elasticity and a Berkeley soda tax to the minimum wage and the cost of living, to the power of the market and ivory.…
Why the Same Minimum Wage is Really Different
Comparing median and minimum wage and looking at how the cost of living varies, we can see that the wisdom of a $15 minimum wage hike depends on location.…
How Much is $250,000?
Told that someone earns $250,000 a year, you should ask, “Where do you live?” According to CNN, you would need to earn $545,000 in Manhattan to spend what $250,000 will buy in Missoula, Mo…