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Inflation actually isn’t taking a bite out of your paycheck. Wages have been going up faster during the pandemic.

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Inflation has been on the rise, but so are wages, especially in the leisure and hospitality industry. 

Looking back over the course of the pandemic, wage growth has outpaced the rate of inflation. The higher inflation seen through the summer, which some economists have cited in saying that American workers are seeing wage gains eaten up, just showed its first real signs of cooling in July.

The Consumer Price Index (CPI) was up just 0.5% in July on a month-over-month basis — lower than the 0.9% rise in June — which is a point in details ⇒

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