Inflation Still Not Ready to Spiral Out of Control

Nobody cared much about yesterday’s inflation release from the Bureau of Labor Statistics because it didn’t show much of anything new. But that’s no reason to ignore it. Here it is:

As you can see, the upward blip at the start of 2018 is long gone, and inflation is now running at a very sedate 1.6 percent. There’s very little reason for the Fed or anyone else to be worried about inflation running out of control at the moment. BLS also released the January numbers for average earnings:

The average hourly earnings for all American workers clocked in at $27.56 in January. Thanks to low inflation, this translated into a 1.6 percent gain from last year. Not bad.


Mother Jones was founded as a nonprofit in 1976 because we knew corporations and the wealthy wouldn't fund the type of hard-hitting journalism we set out to do.

Today, reader support makes up about two-thirds of our budget, allows us to dig deep on stories that matter, and lets us keep our reporting free for everyone. If you value what you get from Mother Jones, please join us with a tax-deductible donation today so we can keep on doing the type of journalism 2019 demands.

We Recommend


Sign up for our newsletters

Subscribe and we'll send Mother Jones straight to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.


Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.


We have a new comment system! We are now using Coral, from Vox Media, for comments on all new articles. We'd love your feedback.