I don’t know how your paycheck is doing — assuming you have one — but prices are going up:
Wholesale prices in the U.S. rose in April by the most in more than a year, reflecting broad-based gains that signal the threat of deflation is ebbing as the economy improves.
The 0.6% increase in the producer price index was the biggest since September 2012 and exceeded all estimates in a Bloomberg survey of 69 economists, figures from the Labor Department showed today. Over the past 12 months, costs climbed 2.1%. Food costs jumped by the most in three years.
It’s a sad sign that rising food prices are treated as good news.