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Inflation is outpacing wage growth again, squeezing Americans’ paychecks
In August, consumer prices rose 3.4% over the past year while wages increased just 3.1%.
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euronews.com
US inflation holds at 3.4% as monthly price rises hit fastest pace since May
US consumer prices rose 3.4% in the year to August, unchanged from July and exactly in line with expectations, but the monthly increase of 0.4% was the sharpest since May, a sign…
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marketplace.org
Inflation has devoured pay gains over the past year
The average real hourly wage, accounting for raises and inflation, went down by 0.3% over the past 12 months.
