evidence: We begin by plotting yearly nominal wage growth for middle- and low-wage workers[1] against yearly CPI growth. The gap between the two shows that yearly wage growth has exceeded price growth for 15 months in a row. Over the past year, nominal wages rose 4.2% for these mid-level workers while inflation was up 3.3%, leading to real wage gains of 0.9% over this most recent period. [...] Wages are beating prices in many other important categories. Grocery prices, while still too high, have edged down (0.2%) during the past four months, and they’re up 1% over past year, well behind wage growth, which again, was up 4.2% over the past year. Motor vehicle prices have also been coming down, falling 0.8% for new motor vehicles and a whopping 9.3% for used vehicles. Housing costs, on the other hand, were up 5.4% over the past year, ahead of wage growth. Restaurant inflation, which has come down a lot less than grocery inflation, rose at about the pace of wage growth over the past year (4%).