Latest / Wages and Prices with Fexingo: Cost of Living, Pay Raises, and Workers' Purchasing Power
How Your Raise Is Finally Beating the Cost of Fans and Air Conditioners
In this episode of Wages and Prices, Lucas and Luna explore a surprising twist in the cost-of-living story: while many goods and services have outpaced wage growth, the price of fans and air conditioners has actually fallen over the past year. They dig into the July CPI report, which showed a 4.5 percent drop in the price of fans and a 1.2 percent drop in air conditioners, even as overall inflation ticked up. With average hourly earnings up 3.6 percent year-over-year, this is one category where your raise is clearly winning. Lucas explains the role of improved energy efficiency, global supply…
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