Latest / Wages and Prices with Fexingo: Cost of Living, Pay Raises, and Workers' Purchasing Power
Why Your Raise Is Getting Eaten by Energy Prices
In this episode of Wages and Prices, Lucas and Luna examine how surging energy costs are quietly eroding the purchasing power of recent wage gains. With consumer prices up 4.2% year-over-year in May 2026 and the 10-year breakeven inflation rate rising to 2.34%, they drill into the specific mechanics: why energy matters more than other categories, how it disproportionately affects lower-income workers, and what the ECB's pending rate decision means for global inflation expectations. They also look at the New York Fed's latest survey showing household financial worries at a four-year…
The skinny
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