Americans stress that their US dollars aren't stretching far enough to make up for inflation

foxbusiness.com:

Pancake Pantry owner Chip Bradley and restaurant patrons speak to FOX Business' Madison Alworth about still feeling the brunt of decades-high inflation.

If you’re still feeling the crunch of inflation, you’re not alone.

«In the last two years, we haven't really increased our prices. And June of this year, we actually increased our prices 20% to offset the cost of inflation,» owner of the Pancake Pantry outside Nashville, Tennessee, Chip Bradley told FOX Business’ Madison Alworth on "Varney & Co." Wednesday.

«It's not that we're trying to make more money,» he added. «We're just trying to ensure our cost of goods are where they need to be, to be a profitable business.»

One Pancake Pantry patron Alexander Groves also told Alworth: «My dollar does not stretch nearly as far. Just like he was mentioning, they had to adjust for inflation. Well, my adjustment to them is not being met. Wages are not going up.»

IMPENDING U.S. POPULATION DECLINE COULD LEAD TO ANOTHER DEPRESSION, MORE INFLATION: EXPERTS

October inflation data showed prices for many goods remained abnormally high for millions of U.S. households. Housing costs were the biggest driver of core inflation last month, with rent rising 0.3% for the month and up 6.7% from the same time last year; and grocery prices climbed 0.3% over the course of the month and 2.1% year-over-year.

Two U.S. workers in the Nashville, Tennessee, area say a necessary inflation adjustment «is not being met,» on «Varney & Co.» Wednesday. (iStock)

Additionally, millions of Americans have received a pay cut over the past two years thanks to high inflation, with the U.S. Department of Labor reporting Tuesday that average hourly earnings for all employees was $11.05 in October – a 3.32% decline