Raises in real earnings help offset price increases but not all consumers share the benefits equally.
Wage growth is slowing, and those at the top of the earnings spectrum have done better than those at the lower end.
And that would mean your paycheck’s purchasing power would be getting a boost relative to inflation.
Average hourly earnings are now rising faster than prices. But two years of high inflation have left many low-income people in a financial hole.
Real average hourly pay increased 0.1% in December. Generally, wages are beating inflation, but some industries are lagging.
Are wages really growing under President Donald Trump?
Average hourly pay for Americans increased an anemic 0.3 percent in August.