If youve gotten a raise in the past two years, its now been nearly all eaten away by inflation

Image for article If youve gotten a raise in the past two years, its now been nearly all eaten away by inflation
News Source : Business Insider

News Summary

  • Consumer prices rose 3.7% over the year in September, according to the Bureau of Labor Statistics.
  • That's faster than the 3.6% increase economists had expected, and well above August's 3.4%.
  • It's more evidence that affordability challenges in the US economy aren't going away.
  • The average hourly wage was $35.84 in January 2025, or $37.79 in today's dollars, adjusted for inflation.
  • It's now right back to where it started, when taking inflation into account.
Getting a job is the important part, as these job seekers might attest.

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