Latest / Wages and Prices with Fexingo: Cost of Living, Pay Raises, and Workers' Purchasing Power
Your Raise Is Real but This Unexpected Cost Is Stealing It
Episode 19: On paper, your paycheck is growing faster than prices — average hourly earnings hit $37.40 in April and the employment cost index is climbing. So why does it feel like you're treading water? Lucas and Luna unpack the invisible tax nobody talks about: the spike in energy inflation tied to the Iran war, which cost the average U.S. household $450 more on gas and energy alone. They connect that to the Fed's preferred inflation gauge — core PCE at 3.3% — and explain why sticky energy prices are absorbing raises before they reach wallets. A sharp, data-driven look at the one…
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