Wages are outpacing inflation again, but don’t get too excited

Marketplace

Business, News

4.6 • 8.6K Ratings

🗓️ 12 July 2023

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

The consumer price index beat expectations for June, with prices rising just 3% annually. We’ll look at how the Federal Reserve will make its push for 2%. Then: Wage growth beat inflation in May and June for the first time in years, but economists say two months do not a trend make. Later, we’ll take stock of the recent seismic changes in markets and dig into a new food trend.

Transcript

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0:00.0	Hey everybody, it's Kai.
0:01.6	Listen, is it time to upgrade your car?
0:04.2	Give it new life by donating it to Marketplace.
0:06.8	We'll use the proceeds to bring you more news
0:08.7	about finance and the economy and how they affect you.
0:12.3	Let us turn your old car into a donation
0:14.5	to power the journalism you rely on.
0:16.5	Go to Marketplace.org slash vehicle
0:18.6	to donate your car today.
0:20.6	What we have here, people, is disinflation.
0:27.7	From American public media.
0:29.8	This is Marketplace.
0:31.9	In Los Angeles, I'm Kai.
0:42.1	Rizdole, it is Wednesday.
0:43.6	Today, the 12th of July.
0:44.9	It is always to have you along, everybody.
0:47.9	Inflation, pretty much everybody can define
0:50.7	without too much trouble, right?
0:51.9	A broad-based rise in prices and with it a fall
0:55.6	in purchasing power.
0:57.4	Disinflation is not the opposite of inflation.
1:00.4	It is not falling prices.
	...

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