Article
Americans' Real Wages Are Shrinking As CPI Tops 4% For First Time In 3 Years
Americans' Real Wages Are Shrinking As CPI Tops 4% For First Time In 3 Years
With expectations of a 4%-plus print, all eyes are on this morning's CPI report as we move past April's shutdown-related distortions.
Headline CPI rose 0.5% MoM (as expected) in May, lifting prices 4.2% YoY (also as expected). The first 4%-plus print since April 2023...
Core Goods prices deflated in May while Energy remains a notable contributor...
CPI details:
Headline: The all items index rose 4.2 percent for the 12 months ending May, after rising 3.8 percent for the 12 months...
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