What Affordability Means
There are multiple definitions of affordability, none all that precise.
April’s Consumer Price Index was reported on May 15. The overall CPI, for all goods and services, was up 3.4 percent as compared with a year earlier – April 2023.
This follows the recent trend of inflation that is moderate. Though not as low as desired.
Better news about average weekly earnings. They’re now 3.9 percent greater than a year earlier.
The average price or rate per therm for utility natural gas service was down 1.9 percent as compared with a year earlier.