As inflation eats up pay gains, workers fall behind

A shopping cart at Sam’s Club in Brandon, Fla., May 27, 2026. Government data released last week showed that consumer prices rose 3.4 percent in July from a year earlier, outpacing a 3.2 percent increase in hourly earnings over the same period. (Zack Wittman/The New York Times) By BEN CASSELMAN Americans’ paychecks are losing ground to inflation. Again. Government data released last week showed that consumer prices rose 3.4% in July from a year earlier, outpacing a 3.2% increase in hourly…

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