
August Earnings: Real Hourly Pay Slips Below Last Year
Real average hourly earnings fell 0.3 percent year over year in August to $11.30, and the only reason weekly paychecks grew is that the workweek lengthened.
Daily coverage · Weekly briefing Mondays · Maya Reyes
CPI, rent, gas, groceries and consumer rates. What a household pays this month versus last.

Real average hourly earnings fell 0.3 percent year over year in August to $11.30, and the only reason weekly paychecks grew is that the workweek lengthened.

Ground beef averaged a record $6.92 a pound in August, up 9.6 percent year over year, even as the broader grocery basket stayed nearly flat.

Shelter and energy pushed the average household budget roughly $50 higher in August, with natural gas delivering the single biggest shock.

The federal funds rate at 3.63 percent in August 2026 means credit card APRs around 21 percent, 30-year mortgages near 6.8 percent and auto loans at roughly 7.5 percent, with tangible monthly payment implications across debt types.

The national average for regular gasoline reached $4.329 per gallon on September 15, 2026, up 13 cents from the previous week and $1.15 from a year ago.