[alldayeveryday]

Inflation began to spike in the U.S. in April of 2021, when it hit 4.2%. Inflation continued to climb, hitting 7% year-over-year by December 2021. Sadly, 2022 didn’t see any slowdown in inflation as the rate peaked at 9.1% in June. Starting in July, inflation began to fall slightly, though it still sat at 7.7% in November.

Your atlantafed link shows unweighted wage increase peaking at 6.7% in August 2022. In what way did wages outpace inflation?

[noelsusman]

Click on the button to separate by wage level. Wage growth for the bottom 50% has significantly outpaced wage growth for the top 50%. Their wages grew at around 7.3% over the last 12 months, which outpaces inflation. It may have been a bit under when inflation was at its peak, so it's possible they just came out even with inflation overall, which is still pretty good when you're doubling your net worth at the same time.

[alldayeveryday]

Wages peaked at 7.3%, not averaged that over the 12 month period.