Prices are rising faster than paychecks.
Inflation-adjusted wages fell 0.7% from a year earlier, the sixth straight monthly decline and the worst stretch in more than three years.
Consumer prices rose 3.7% over the past year, led by a 9.1% jump in gasoline.
Price action is only part of the picture.
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Prices of an obscure metal used in everything from nuclear energy to aerospace and semiconductors are getting so high that the world’s biggest producer is considering boosting supply