Inflation rises to 4.2%, highest level since early 2023, as wage growth lags behind
By
Steve Kopack, Allie Canal
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Summary
Inflation has risen to 4.2%, the highest level since early 2023, with key pain points including gas, food, electricity, and medical care all above 3% inflation. Wage growth is falling and has been surpassed by inflation for the second consecutive month, putting pressure on American consumers and workers.
Key quotes
· 3 pulledInflation remains the major economic pain point regardless of who has to absorb it
the frustration for many Americans is that so many of the basics are up in price right now -- gas, food, electricity, and medical care are all clear pain points that are above 3% inflation
This isn't just 'bad vibes' about the economy
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