Consumer price increases have been at or above 5% for 17 straight months.
Core inflation – stripping out food and energy inflation – increased at the highest rate since 1982.
Index measurements – in almost every way you look at the numbers – were above expectations.
What does that mean for American workers? Real average hourly earnings fell 3% since last year, marking the 18th month in a row – ever since Biden passed his $1.9 trillion stimulus – in which inflation has outpaced wages.
Biden is the Pay Cut President.
