Latest / Wages and Prices with Fexingo: Cost of Living, Pay Raises, and Workers' Purchasing Power
Why Your Raise Is Finally Beating the Cost of Imported Goods
Episode 120 of Wages and Prices with Fexingo breaks down a surprising shift: after years of cheap imports keeping prices low, the cost of goods imported from China has hit its highest level since 2008—just as average hourly earnings in the U.S. climb to $37.60. Lucas and Luna explore what that means for your purchasing power, using the latest CPI data (down to 332.6) and the 10-year breakeven inflation rate (2.24%) to show how wage growth is finally outpacing import-driven price pressures. They drill into the specific categories where your raise now goes further, from electronics to apparel…
The skinny
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