Data: CPI has remained above the Federal Reserve's 2% target for 67 consecutive months, with inflation erasing all wage gains in the U.S. since the pandemic.

2026.11.05 19:58:42

Inflation has erased all wage gains for U.S. consumers since the 2020 pandemic. Since April 2020, U.S. consumer prices have climbed a cumulative 31.3%, hitting a record high in September, while average hourly wages have only risen 25.9% over the same period. Additionally, CPI inflation has stayed above the Federal Reserve’s 2% target for 67 consecutive months, the third-longest stretch in the past century. Only two longer such periods exist: one lasting 242 months, ending in 1986, and another 128 months, ending in 1997. Inflation continues to erode Americans’ purchasing power.

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