The consumer price index saw its biggest monthly jump in four years last month, according to the Bureau of Labor Statistics, while average earnings fell.
The changes weren't much. The CPI rose by 0.6 percent in January, and weekly wages dipped by 0.4 percent.
Meanwhile, the Department of Commerce reported total business inventories at the end of December were $1.8 trillion, up 0.4 percent, and total business sales were $1.4 trillion, up 2 percent.
On balance, the average American worker is working just as hard for less money as the cost of living goes up.
Progress.
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