Biden finally gets a win against inflation

Posted on AllSides January 25th, 2023
From The Left
Economy and Jobs, Inflation, Wages
Marta Lavandier/AP

The war on inflation may be far from over, but the economy has reached a key, little-noticed milestone: Workers’ wage gains are finally outpacing the rise in consumer prices.

Americans’ average income has beaten inflation for the past six months, driven by the plummeting cost of gas, along with drops in furniture, cars and other goods. If the trend continues, it could be a boost for President Joe Biden as he gears up for a tough reelection campaign, undercutting one of the main Republican arguments against his handling of the...

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https://www.politico.com/news/2023/01/25/inflation-wage-gains-eclipse-price-spikes-00079284

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