Gulp: Consumer Price Index Inflation Soars to 4.2%, Core to 2.9%
Last week's excellent jobs report for May contained very good news for a White House hoping to get back to its economic messaging in the midterm cycle. The US economy not only had its best three-month period in more than two years, it also showed wage growth continuing to accelerate. At the time, it appeared that wages were keeping ahead of inflation, if only just barely.
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Gulp: Consumer Price Index Inflation Soars to 4.2%, Core to 2.9% Ed Morrissey 4:00 PM | June 10, 2026 AP Photo/Julia Demaree Nikhinson Last week's excellent jobs report for May contained very good news for a White House hoping to get back to its economic messaging in the midterm cycle. The US economy not only had its best three-month period in more than two years, it also showed wage growth continuing to accelerate. At the time, it appeared that wages were keeping ahead of inflation, if only just barely. Advertisement googletag.cmd.push(function () { googletag.display("div-gpt-300x250_4"); //googletag.pubads().refresh([gptAdSlot["div-gpt-300x250_4"]]) }); The penny dropped on that hope earlier today. Wages had increased year-on-year by 3.4% last month.
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