Inflation Up Up and Away to 8.6%. Highest Since 1981.
Inflation adjusted wages fell 3% over the past 12 months. Stagflation is here and now.
U.S. CPI inflation rises to 8.6% in May and wages are not keeping up
Vice President Kamala Harris exits a vehicle at the Reno-Tahoe International Airport after speaking at the US Conference of Mayors in Reno, Nevada June 3, 2022. U.S. employers hired at a robust clip in May as the Federal Reserve raises interest rates at a steep pace to…
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