Inflation is Chomping Away At Your Wage Growth 

"It's not whether you get knocked down, it's whether you get up." — Vince Lombardi

Chart of the Day

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For the second straight month, inflation outpaced wage growth. 

The May consumer-price index report on Wednesday showed that inflation rose 4.2% from a year ago, rising to its highest level since April 2023. A separate report released by the BLS at the same time showed that average-hourly earnings in May rose 3.4% in the past year. 

In fact, real avera...
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"It's not whether you get knocked down, it's whether you get up." — Vince Lombardi

Chart of the Day

Good morning!

For the second straight month, inflation outpaced wage growth. 

The May consumer-price index report on Wednesday showed that inflation rose 4.2% from a year ago, rising to its highest level since April 2023. A separate report released by the BLS at the same time showed that average-hourly earnings in May rose 3.4% in the past year. 

In fact, real avera...

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