this post was submitted on 11 Aug 2023
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Well, we are facing the exact same inflation problems, so yeah
Inflation is actually going down, and the latest report was at 3.2% which is a lot less than it was a year ago and closer to the 2% target.
Sadly, while the inflation rate is positive, it's cumulative on the previous >1.5 years of high inflation. So, unless we're paid more sometime soon, we're still being permanently short-changed.
Literally just pay attention to the real wages component of the same BLS release CPI is included in