re: US CPI comes in "hotter than expected"

quote:

---

but real wages has been holding up

---

Not this year.

BLS for April 2024

quote:

---

Real average hourly earnings for all employees decreased 0.2 percent from March to April, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today.

---

There's the mention that it's actually up .5% YoY, but the visualization tells a more clear story: real wages topped out in January and then dropped almost every month thus far this year (it hasn't risen any month thus far this year).