Real wages fell half a percent in August August saw one of the most significant decreases in real wages this year, falling 0.5 percent. Compared to August 2022, real wages are up by 0.5 percent, but since January, no increases have been seen.  Real wages account for how changes in the Consumer Price Index impact a worker's purchasing power. The CPI tracked a 0.6 percent increase in average prices last month, meaning that while workers may have seen nominal increases in their paychecks, they were not enough to overcome the impact of inflation.

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