Latest / Wages and Prices with Fexingo: Cost of Living, Pay Raises, and Workers' Purchasing Power
Why Your Raise Is Finally Beating Gasoline Prices
In episode 67 of Wages and Prices with Fexingo, Lucas and Luna explore a surprising milestone: wage growth has finally pulled ahead of gasoline price inflation. With average hourly earnings up 2.4% year-over-year and gasoline prices down 6% from a year ago, real purchasing power at the pump is improving for the first time since 2021. But the hosts dig into the nuances — the national average masks wild variation by state, and drivers in California and Hawaii are still feeling pain. They also connect the trend to the Federal Reserve's focus on core inflation and what it means for the…
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