© 2021 WYPR
20th Anniversary Background
WYPR 88.1 FM Baltimore WYPF 88.1 FM Frederick WYPO 106.9 FM Ocean City
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations
WYPR 106.9 Eastern Shore will be broadcasting at reduced power during the day until further notice to complete tower work. All streams are working.

Inflation is wiping out wage gains, even in hot economy

Inflation is at a 40-year high. (Tony Dejak/AP)
Inflation is at a 40-year high. (Tony Dejak/AP)

Inflation slowed slightly last month, according to the latest data from the Labor Department, from 8.5% to 8.3%. But prices are still way up compared to last year and few workers are getting an 8% raise to keep pace.

Here & Now‘s Peter O’Dowd speaks with Diane Swonk, chief economist at Grant Thornton LLP.

This article was originally published on WBUR.org.

Copyright 2022 NPR. To see more, visit https://www.npr.org.