1 big thing

Wages can’t keep up with inflation

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New June inflation numbers released Wednesday show the Consumer Price Index rose 9.1% since last year - the fastest annual pace since November 1981. To make matters worse, wages are not keeping up.

  • Plus: the federal Immigration and Customs Enforcement agency is running out of money.
  • And: the millennial friendship crisis.

    • Guests: Axios' Neil Irwin, Stef Kight and Erica Pandey

    Credits: Axios Today is produced by Niala Boodhoo, Sara Kehaulani Goo, Alexandra Botti, Nuria Marquez Martinez, Lydia McMullen-Laird, Alex Sugiura, and Ben O'Brien. Music is composed by Evan Viola. You can reach us at [email protected]. You can text questions, comments and story ideas to Niala as a text or voice memo to 202-918-4893.

    Go Deeper:

    • America's inflation problem gets worse
    • Scoop: ICE is short $345 million, poised to spend more than ever
    • Axios Finish Line: Making friends
      • ...more
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