US consumer wage gains have been outpaced by inflation since 2020, with prices up 31.3% versus earnings up 25.9%, marking the third-longest period of inflation above the Fed's 2% target in a century.
Macro & Markets ·
US consumer prices have climbed 31.3% since April 2020, exceeding wage growth of 25.9% over the same span and eroding household purchasing power. The Consumer Price Index has remained above the Federal Reserve's 2% target for 67 consecutive months, representing the third-longest such period in the past century, with only two prior stretches—lasting 242 months through 1986 and 128 months through 1997—extending longer.