Wage growth in the United States has consistently been below inflation since the Iran war. those. Real wages in America have been falling since spring 2026.
In October, US consumer prices rose more than expected: the consumer price index rose 0.4% during the month compared to the 0.3% forecast. Annual inflation rose to about 4%, double the Fed's target of 2%. Before the start of the war with Iran it was 2.4%.