Annual inflation rate slows to 2.9% in July, lowest since 2021

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10. Latest 3 month average, ANNUALIZED: Regular CPI: +0.4%, Core CPI: +1.6%, Core less shelter: 0.0%

As for wages:

Average real (i.e. inflation-adjusted) hourly earnings are up over the past 3 years and are above the pre-pandemic level:
. . . # Real average hourly earnings of production and non-supervisory workers: https://data.bls.gov/timeseries/CES0500000032
. . . # Real average hourly earnings of private sector workers: https://data.bls.gov/timeseries/CES0500000013

Edit to correct The real average hourly earnings of production and non-supervisory workers are up over 3 years, but for all private sector workers is up over the last 2 years, not the last 3 years. For both it remains true that they are over their pre-pandemic levels.