Latest / Wages and Prices with Fexingo: Cost of Living, Pay Raises, and Workers' Purchasing Power
Why Energy Prices Are Stealing Your Raise
In this episode of Wages and Prices, Lucas and Luna drill into the latest May CPI and PPI data, showing how a 1.1% jump in wholesale prices — driven by surging energy costs — is quietly eroding the real wage gains workers have finally started to see. They break down why the 4.2% annual inflation rate is the highest in three years, and what that means for the average hourly earnings figure of $37.50. With the ECB hiking rates for the first time since 2023 because of energy shocks from the Iran war, they connect global events to your paycheck. Specific numbers, real impact, no filler…
The skinny
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