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Inflation’s old ceiling is starting to look like a floor — why that's a problem for paychecks
Key takeaways
- Inflation’s old ceiling is starting to look like a floor — why that's a problem for paychecks Jared Blikre Tue, May 12, 2026 at 8:27 PM GMT+7 3 min read Inflation is no longer screaming.
- Headline CPI rose 3.8% year over year in April, the hottest reading since May 2023 and up from 2.4% as recently as January and February, according to Bureau of Labor Statistics.
- Before the pandemic, 3% inflation mostly looked like the top of the range.
Inflation’s old ceiling is starting to look like a floor — why that's a problem for paychecks Jared Blikre Tue, May 12, 2026 at 8:27 PM GMT+7 3 min read Inflation is no longer screaming. It is also not going away.
Headline CPI rose 3.8% year over year in April, the hottest reading since May 2023 and up from 2.4% as recently as January and February, according to Bureau of Labor Statistics.
The chart tells the bigger story. Before the pandemic, 3% inflation mostly looked like the top of the range. Since the 2022 inflation shock faded, it has started to look more like support.
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