Consumers feeling "boxed in" by inflation is the new norm. 📦 📈

• Consumer Price Index (CPI) data showed consumer prices rose 3.8% in April compared to a year earlier, partly due to rising global energy prices.
• Average hourly earnings gained 3.6% in April from a year earlier, indicating that wage growth is not keeping pace with inflation.
• Consumers are feeling increasingly 'squeezed' by higher costs for everyday items like cold brew and gasoline, contributing to a record low in consumer sentiment.

The video highlights that rising consumer prices are officially outpacing workers' pay, leading to a decline in middle-class Americans' living standards. Consumer prices rose 3.8% in April, while average hourly earnings only gained 3.6%, causing consumers to feel 'boxed in' by higher costs and resulting in record-low consumer sentiment.