Inflation


Still, due to the surge in inflation, real earnings, despite rising 5.6% from a year ago, still weren’t keeping pace with the cost of living. Real average hourly earnings posted a seasonally adjusted 0.8% decline for the month, according to a separate Bureau of Labor Statistics report.
 
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I bought a 4lb flat of 85/15 hamburger at WM today for a get together tomorrow (Not enough time to properly thaw some of our cow we bought). It was $24.xx. I hadn’t been to the grocery myself in a good bit, I was floored.
 
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Ugh. Misleading title though.
It's not up 8.6% in may, meaning the amount of inflation rose that much.
It's that as of may, the annual inflation average rose TO 8.6%. words matter. Which is much more than an 8.6% increase from April.
 
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