American Workers Lost a Jaw-Dropping Amount From Inflation in Past Year: Researcher

American Workers Lost a Jaw-Dropping Amount From Inflation in Past Year: Researcher
A shopper places produce in a bag at Victoria Market in Melbourne, Australia, on July 5, 2022. William West/AFP via Getty Images
Jack Phillips
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American workers lost an average of $3,400 in yearly income as a result of high inflation in the past 18 months, according to a research fellow.

A report released by the Bureau of Labor Statistics found that the Consumer Price Index spiked 9.1 percent year-over-year last month, which is the highest level since 1981.

Jack Phillips
Jack Phillips
Breaking News Reporter
Jack Phillips is a breaking news reporter who covers a range of topics, including politics, U.S., and health news. A father of two, Jack grew up in California's Central Valley. Follow him on X: https://twitter.com/jackphillips5
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