Latest / Wages and Prices with Fexingo: Cost of Living, Pay Raises, and Workers' Purchasing Power
Why Energy Inflation Is Stealing Your Paycheck
In this episode of Wages and Prices with Fexingo, Lucas and Luna examine why energy inflation is eroding the purchasing power of recent wage gains. With the average hourly earnings in the private sector at $37.40, but headline CPI at 332.4 and core PCE inflation running at 3.3% annually, they break down the 'energy tax' that households are paying. They discuss how persistent energy costs—amplified by the ongoing Iran conflict—are creating a disconnect between official wage growth and real-world financial stress. The hosts also explore why the Fed's preferred inflation gauge may…
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