Here’s one curveball that makes June’s 41-year-high inflation data a lot worse

As if June inflation data reaching a 41-year high wasn’t enough Wednesday, here’s some worse news: Americans’ earnings declined yet again last month when factoring in rising costs.

While the cost of living climbed 1.3% from May to June according to the Bureau of Labor Statistics, it said the inflation-adjusted average hourly earnings actually declined by 1% in the same time period.


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