Latest / Wages and Prices with Fexingo: Cost of Living, Pay Raises, and Workers' Purchasing Power
Why Raises Are Beating the Cost of Lettuce
In this episode of Wages and Prices, Lucas and Luna dig into a surprising market moment: lettuce prices just plunged to their lowest in years, even as the overall inflation rate holds at 3.4 percent. They trace how a food-safety scare and a glut of supply can send a single grocery item into deflation, while the average raise — now hovering around 4 percent — quietly outpaces it. Along the way, they break down what July's CPI report really says about core inflation, why the Federal Reserve is watching services prices more than produce, and what a ten-year breakeven rate of 2.27 percent…
The skinny
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