The data on Wednesday showed that from January 2025 to September 2026, both prices and average hourly wages rose by approximately 5.4%. The data also showed that real average hourly earnings declined by 0.5% from August to September, as recent surges in energy prices pushed inflation higher, once again eroding the nominal wage gains for the month.
Trump had promised to lower prices during his campaign, but many Americans said prices soared after the U.S. launched strikes against Iran earlier this year, placing enormous pressure on the public. (rc)