#inflation

Wages are rising, but expenses are growing faster. In July, the U.S. Consumer Price Index reached 3.4% year over year, outpacing the 3.2% increase in hourly earnings. The latest gap is eroding the purchasing power of American workers, reopening an is

Led by declines in gasoline and diesel prices, inflation eased for the second consecutive month after reaching a three-year high in May. As energy prices moderated, shelter resumed its role as the largest driver of headline inflation, accounting for