For the first time in three years, Americans' wages are no longer outpacing inflation.
Higher inflation has persisted as rising prices pressure consumers.
-- Forbes (@forbes.com) 8:45 AM · May 12, 2026
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Producers Price Index up 6% year over year?
Producer Price Index News Release summary
www.bls.gov
... The Producer Price Index for final demand increased 1.4 percent in April, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today.[emphasis mine]
Final demand prices advanced 0.7 percent in March and 0.6 percent in February. (See table A.) The April increase is the largest advance since rising 1.7 percent in March 2022.
On an unadjusted basis, the index for final demand rose 6.0 percent for the 12 months ended in April, the largest 12-month increase since moving up 6.4 percent in December 2022. ...
@#10 ... Pres Biden, working with Congress ...
American Rescue Plan Act of 2021
en.wikipedia.org
... The American Rescue Plan Act of 2021, also called the COVID-19 Stimulus Package or American Rescue Plan, is a US$1.9 trillion economic stimulus bill passed by the 117th United States Congress and signed into law by President Joe Biden on March 11, 2021, to speed up the country's recovery from the economic and health effects of the COVID-19 pandemic and recession.[1]
First proposed on January 14, 2021, the package builds upon many of the measures in the CARES Act from March 2020 and in the Consolidated Appropriations Act, 2021, from December.[2][3] ...
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